Bangladesh Moving Toward Major Financial Inclusion Push

Wednesday, February 17, 2016

In a massive step, the government is going to expand digitalisation of financial transaction across the country and take it beyond the banking system.

With the initiative implemented, the people who are now excluded in the current system can also enjoy making electronic payment or transaction while buying a service or a product.

New areas of transaction including agricultural sector and different services will be brought under the facility.

Prime Minister’s Office issued a circular yesterday as the government has formed a 16-member task-force to prepare a model on “effective financial inclusion.”

Source: Dhaka Tribune (link opens in a new window)

digital payments, financial inclusion, fintech