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Mobile Financial Services in Rural Bangladesh: Common Challenges and Possible Solutions

Although Bangladesh is one of the world’s largest markets in terms of active mobile financial services (MFS) users (with more than 25 million active accounts as of April 2017), accessing those services is still a challenge for many Bangladeshis, particularly in rural areas. This infographic shows some of the many challenges that rural Bangladeshis face using MFS and some potential solutions.

Mali is Poised to be a Leader for DFS in West Africa

“Financial inclusion means economic empowerment, particularly for women, rural communities, and the poor. Financial services offered through electronic means, like mobile phones, are key contributors to that vision.” Paul Folmsbee, U.S. Ambassador to Mali, shared this in Bamako this past October. He was speaking before a workshop of 144 people on digital financial services (DFS) organized by USAID.

From Farmer to a Mobile Money Champ: Sagor's Story

Adopting mobile money does not only bring benefits to development organizations, but it can also bring about dramatic change in the personal and professional lives of staff and beneficiaries. This MM Experience tells the story of Sagor, a beneficiary farmer of USAID's Aquaculture for Income and Nutrition (AIN) program implemented by WorldFish. Sagor is now popularly known in his community as a mobile money champ. This is the fifth in a series created by mSTAR/Bangladesh to show the tangible benefits of mobile money on people's lives.

mSTAR/Bangladesh: Mobile Money Consultative Group Meeting Minutes February 2015

The mSTAR/Bangladesh-organized Mobile Money Consultative Group held its second meeting on February 19, 2015. The MMCG serves as a platform through which stakeholders can share their experiences using mobile money, as well as to identify opportunities for new product innovations and barriers that may exist in effectively using existing products to reach remote and underserved populations. Over 20 representatives from the donor community and development sector attended and contributed to the constructive dialogue. This summary provides meeting highlights.