The financial landscape of Bangladesh is undergoing a significant transformation, with banks and Mobile Financial Service (MFS) providers increasingly adopting fintech (financial technology) to provide more inclusive and efficient banking services.

The days of lining up at banks for financial transactions are long gone. Back then, carrying bundles of cash in a bag while nervously glancing over your shoulder was common, as the fear of being robbed—even in broad daylight—was all too real.

Just five years ago, accessing credit without collateral or complex paperwork through formal banking channels would have seemed almost unimaginable.

The Daily Star (TDS): How BRAC Bank is digitally integrated with MFS platforms? How does its partnerships with multiple MFS providers empower its customers?

In today’s fast-paced world, saving money has never been more convenient as Mobile Financial Services (MFS) bring such facilities at your fingertips.

The Daily Star (TDS): How are you collaborating with MFS providers to integrate mobile financial services within your banking operations, and how does this enhance the delivery of your services?

The Daily Star (TDS): How are you collaborating with MFS providers to integrate mobile financial services within your banking operations, and how does this enhance the delivery of your services?

The Daily Star (TDS): How are you collaborating with MFS providers to integrate mobile financial services within your banking operations, and how does this enhance the delivery of your services?

The Daily Star (TDS): How are you collaborating with MFS providers to integrate mobile financial services within your banking operations, and how does this enhance the delivery of your services?

In 2021, after the pandemic disrupted lives and livelihoods, 65-year-old Milan Kanti Sen relocated from Chittagong to Dhaka. Adjusting to a new city came with its challenges, but one thing quickly became clear: bKash would be an invaluable part of his daily life.

Mobile Financial Services in Bangladesh Key Statistics

The financial landscape of Bangladesh has undergone a remarkable transformation over the past decade, thanks to the rapid growth and adoption of Mobile Financial Services (MFS). The emergence of MFS platforms has revolutionised the way people engage with banking.