Dhaka, Aug. 27 -- Bangladesh Bank (BB) has once again invited applications from eligible institutions to secure a license of establishing a digital bank to accelerate the country's shift to cashless transactions and digital financial services.

In a press statement issued on Tuesday, the central bank has, in principle, decided to issue licences for digital banks against suitable proposals under the Bank Company Act, 1991 and applications can be submitted between September 1 and September 30 this year, it added.

The statement said BB now seeks fresh sealed applications from eligible and qualified sponsors to set up digital banks.

As a processing fee, each application must be submitted along with a non-refundable pay order of Tk 500,000 i...