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The USAID-funded mSTAR Bangladesh project aims to increase operational efficiency and productivity across USAID Bangladesh’s agricultural and health portfolios through mobile and electronic payment adoption.
mSTAR Bangladesh held its third quarterly workshop on June 12, 2014, focusing on the smart usage of mobile money and developing an enabling financial ecosystem. The workshop also discussed the future of mobile money in Bangladesh and the potentially huge impact it could have on increasing financial inclusion. The workshop was attended by 19 participants representing 9 organizations. See workshop report for full details.
Richard Kohl is a scaling expert currently assisting USAID Bureaus and Missions in thinking about how to scale technologies and innovations within the context of Feed the Future. Dr. Kohl is roughly half-way through a dozen planned country visits to Missions with Feed the Future investments to provide recommendations on scaling innovations, be they technologies or business models. His approach views market systems as platforms for shifting from scaling, as defined by more time and resources, to a more sustainable, population-scale approach. Dr.
The mobile banking market in Bangladesh has seen rapid growth in recent years. However, significant progress still needs to be made before Bangladesh’s poor can fully realize the benefits of mobile banking. One area that promises significant near term opportunities to serve the needs of these groups is in government-sponsored payments. By utilizing mobile money or e-payment mechanisms, inefficiencies associated with disbursements can be reduced.