96% of mobile payment agents in Bangladesh are profitable, says MicroSave study

Tuesday, November 11, 2014

Ninety-six percent of mobile payment agents in Bangladesh are making profits, thanks to low operational costs, a testament to how popular the service has become in just a few years, according to a study.

The rest are either incurring losses or at break-even, said a report by MicroSave, an international financial inclusion consultant.

The study — Agent Network Accelerator Survey — was conducted by MicroSave with financial support from the Bill and Melinda Gates Foundation. It was published at a hotel in Gulshan, Dhaka yesterday.

Source: The Daily Star (link opens in a new window)

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cash transfers, financial services, mobile banking, mobile money