Dhaka, Nov. 4 -- A total of 12 entities have submitted applications to Bangladesh Bank (BB) for licenses to establish Digital Banks.

These institutions aim to offer banking services entirely through internet- and app-based platforms, relying solely on mobile phones and digital devices for a cashless operation.

The central bank began accepting applications for Digital Bank licenses on September 1. Although the initial deadline was September 30, it was extended to November 2, which served as the final day for submission.

The 12 institutions that have applied to set up Digital Banks are:

1. British Bangla Digital Bank PLC

2. Digital Banking of Bhutan-DK

3. Amar Digital Bank-22 MFI

4. 36 Digital Bank PLC

5. Boost-Robi

6. Amar Bank (P...