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flag Bangladesh Bank extends deadline for digital bank licenses, tightens rules, and plans a new payment system.

flag The Bangladesh Bank extended the deadline for digital bank license applications to November 2nd, raising the capital requirement and tightening eligibility criteria. flag The bank also plans to launch a unified instant payment system, supported by the Gates Foundation, to reduce cash usage and improve transparency. flag This system will enable direct transfers between various financial accounts, aiming to decrease corruption and boost economic growth.

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