Dhaka, Jan. 11 -- Bangladesh Bank Governor Dr Ahsan H Mansur on Sunday said the central bank is promoting digital and QR code-based payments, even at small shops, to foster a cashless and corruption-free society.

Speaking at the rebranding inauguration of Islami Bank Bangladesh PLC's mobile financial service mCash in Dhaka, Dr Mansur said the government could earn an additional Tk1.5-2.0 lakh crore from a fully digital payment ecosystem.

"Bangladesh spends around Tk20,000 crore annually to manage cash-the highest globally. Digital payments can significantly reduce this cost," he added.

Governor Mansur expressed optimism about mCash, citing Islami Bank's roughly 3 crore customer accounts-the largest for a single bank in the country.

He...