Bangladesh Bank (BB) Governor Dr Ahsan H Mansur spoke as the chief guest at the Google Pay services launching event at a city hotel today. Photo: Collected

DHAKA, June 24, 2025 (BSS) - Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today said Bangladesh will become a trusted destination for both local and foreign investors.
 
"The idea that foreign investors will just take our money and leave is a misconception," he said while speaking as the chief guest at the Google Pay services launching event at a hotel in the city.

The City Bank launched the digital payment service in collaboration with Google, Mastercard, and Visa.

From now on, the bank's customers can use the service with their debit and credit cards. By linking their Mastercard or Visa card to Google Wallet, users will be able to make fast, secure, and contactless payments using Google Pay.

The service will also offer seamless transactions at any Near Field Communication, or NFC-enabled point-of-sale (POS) terminal, both domestically and internationally, simply by tapping their Android phones.

Google Pay utilises advanced encryption technology to ensure the security of users' data. There is no need to carry a separate plastic card. Google Pay can be used for everything - from air travel to daily purchases.

In his speech, Mansur laid emphasis on improvements in technology and management within the country. 

"If foreign companies operate the Chattogram Port for 10 to 20 years and later hand it back, we would benefit from the skills gained and could run ports in other countries. Believing we can do everything solely with our current technology is unrealistic," he added.

The BB chief said that Google Pay is a part of the broader goal of financial inclusion. 

He stressed the importance of connecting every Bangladeshi with the banking and financial sector, and mentioned that he has directed banks to work with schools to help achieve this.

Mansur said that regulatory changes have been made to reduce non-performing loans, aligning with international standards. 

Efforts are being made to restore discipline in the banking sector to prevent past missteps from recurring, he added.

Mentioning that controlling inflation is a major priority for Bangladesh Bank, the BB governor said progress is being made and it is possible to bring inflation below five percent.

He also noted that efforts are ongoing to maintain financial stability and that depositors are being guaranteed full protection.

Charg‚ d'affaires at the US Embassy in Dhaka Tracey Ann Jacobson, Vice Chairman of City Bank Hossain Khaled and the bank's Managing Director and CEO Mashrur Arefin also spoke on the occasion.