Dhaka, Nov. 6 -- Bangladesh is gearing up to launch fully digital, app-based banks that will operate without physical branches or ATMs. Customers will access all services such as opening accounts, transferring funds, and applying for loans anytime through secure mobile apps, marking a major step toward a cashless, tech-driven banking system.

The initiative aims to expand financial inclusion, cut banking costs, and accelerate digital transactions nationwide.

So far, 12 domestic and international institutions have applied to Bangladesh Bank for permission to operate these digital-only banks, reflecting strong market interest. If approved, Bangladesh will join nations like Singapore, South Korea, and the UK in adopting this modern banking ...