Deep Dive into the Mobile Financial Services Offered in Bangladesh: Presentations by two leading providers | Workshop

  • Date Posted: September 30, 2015
  • Authors: mSTAR Bangladesh
  • Organizations/Projects: FHI 360
  • Document Types: Other, Technical Report, Primer or Brief
  • Donor Type: Non-US Government Agency

USAID’s mSTAR project aims to increase operational efficiency and productivity across USAID Bangladesh’s agricultural and health portfolios through mobile and electronic payment adoption. Aligned with this objective, mSTAR Bangladesh facilitates quarterly and district-level technical workshops to increase awareness and competence of relevant USAID implementing partners (IPs) on the benefits of using mobile payments. 

The seventh quarterly workshop focused on sharing the mobile financial services (MFS) available in the market. To get more insights on what kind of products are currently being offered and what type of products will be available in the future, organizers invited the two leading MFS providers, DBBL mobile banking and bKash, represented by Standard Chartered Bank's Straight to Bank (S2B), to share their thoughts. USAID/Bangladesh's IPs were able to share their concerns and experiences with mobile money products and services. This enabled an interactive discussion throughout the workshop. The MFS providers also shared regulatory issues and compliance on both their part and on the part of development organizations.