Never before has there been such a lengthy internet outage encompassing the whole country.

Women trail men in banking sector as well, study finds

In recent years, Bangladesh has seen tremendous growth in digitalization, which is gradually changing the shape of the country’s socioeconomic parameters and propelling it into the digital age.

The mobile financial services (MFS) are growing faster in Bangladesh than its global low- and middle-income counterparts, driven by people’s widespread adoption of handset-based solutions in the absence of their active participation in traditional banking channels.

A transformative shift emerged over a decade since the inception of Mobile Financial Services (MFS) in Bangladesh, initially confined to fund transfers.

In the hustle and bustle of my life as a university student juggling academics with a part-time job, one ordinary day took an unexpected turn.

Mobile Financial Services (MFS) serve as a transformative catalyst, empowering women, particularly those in rural areas, to actively engage in financial activities.

In Bangladesh, savings groups have been uplifting thousands of women from poverty.

The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services. 

The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.

Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays.

The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.

Bangladesh Bank today allowed mobile financial service (MFS) providers to bring remittance in order to facilitate freelance workers.

The novel coronavirus has accelerated the global trend towards a cashless economy. The growth of e-commerce and the ease of contactless payment options amidst the fear of paper money contamination with the virus have further boosted the scope of digital transaction.

Nagad, the mobile financial arm of the Postal Department, today has brought down the cash-out charge to Tk 9.99 per Tk 1,000 -- the lowest rate ever in the country's mobile financial service segment.

Bangladesh, with the support and vision of the Bangladesh Bank, has seen remarkable progress in Mobile Financial Services (MFS) in recent years.