Mobile Money Tipsheet: 5 Key Factors to Consider When Choosing an MFSP

  • Date Posted: October 13, 2014
  • Authors: Josh Woodard, Jaheed Parvez
  • Organizations/Projects: FHI 360
  • Document Types: Primer or Brief, Primer or Brief
  • Donor Type: Non-US Government Agency

USAID promotes increased access to and usage of mobile financial services in order to deepen financial inclusion, accelerate broad-based economic growth, and instill transparency into funding flows. These tipsheets are intended to assist USAID implementing partners in Bangladesh to more effectively make use of mobile financial services. 

Choosing a mobile financial services provider (MFSP) is not always an easy choice, particularly in Bangladesh where 28 banks have received a Mobile Financial Services License from Bangladesh Bank and at least 10 of them are already operational. MFSPs have different service offerings, pricing, and reach, so successfully deciding which MFSP is the right fit for your organization requires planning and research. Check out this Mobile Money Tipsheet to learn five key factors to consider when choosing an MFSP.