BB plans to offer more permissions for digital banks in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system

It took decades for Bangladesh to bring around 10 percent of the adult population under the banking system before the mobile financial service (MFS) accelerated the pace in the past decade.

Nagad Digital Bank plans to launch its commercial operation in July this year by offering branchless banking services to customers across the country, a move that may herald in a new era of banking in Bangladesh.