Agent banking is rapidly expanding financial inclusion across Bangladesh, significantly boosting women’s participation in the formal economy and driving strong growth in remittance transactions. According to Bangladesh Bank, agent banking has evolved from a basic transaction platform into a key driver of women’s empowerment in rural areas and an essential …
Read More »Cashless transactions quietly rise in informal sector
The afternoon sun shone on the large transparent plastic bottles lined up on the wet tiles of the Bashbari WASA water ATM, one of the water collection points the Dhaka Water Supply and Sewerage Authority has set up in the capital. Barefoot and focused, 17-year-old Rakib from Mohammadpur moves quickly, …
Read More »New telecom policy must be assessed after political transition: Khosru
The new telecom policy should be reviewed once Bangladesh returns to a democratic order to safeguard the interests of citizens, the nation, and investors, BNP Standing Committee Member Amir Khosru Mahmud Chowdhury said today. “I think this is the responsibility of those who will be elected in the coming days,” …
Read More »Licences of 14 ISPs cancelled
Bangladesh Telecommunication Regulatory Commission (BTRC) recently cancelled the licences of 14 internet service providers (ISPs) after they failed to renew their licences within the specified time. The telecom regulator directed the ISPs to surrender their licences to the commission within 10 days, according to the BTRC documents. The ISPs are …
Read More »Jatri raises Series A investment led by SBK Tech
Jatri, the preeminent platform for mass mobility in Bangladesh, has successfully raised an oversubscribed Series A investment round led by SBK Tech, a Singapore-based Venture capital fund along with participation from notable global investors, including ALSA, Genting Ventures, DVC, and Doha Tech Angels, among others. In addition, existing investors such …
Read More »Nagad to donate its campaign earnings to Bangabazar fire victims
Nagad, a leading mobile financial service provider in Bangladesh, has decided to stand by Bangabazar traders who lost their livelihoods to a massive fire incident. Tanvir A Mishuk, managing director of Nagad Limited, has declared that Nagad will donate all earnings from the ongoing mega campaign to help the fire-hit …
Read More »Women-owned MFS accounts falling
Although the number of mobile financial service (MFS) accounts has grown in Bangladesh, the ratio of accounts held by women is falling, which, analysts say, is not desirable as increased participation of female is necessary for digital financial inclusion and gender equality. Bangladesh Bank data showed that the number of …
Read More »E-commerce buoyant riding on women entrepreneurs
Women entrepreneurs are playing a vital role in keeping Bangladesh’s digital commerce segment buoyant using their skills and resilience, giving a much-needed fillip to a sector reeling under crisis because of plummeting sales, scams and unprecedented inflation. Overcoming many odds, thousands of women entrepreneurs in Bangladesh who started their businesses …
Read More »Bangladesh’s IT export surges despite global economic crisis
Information technology exports from Bangladesh shot up 36 per cent in the first half of the current financial year, beating expectations of industry players as the local IT industry showed resilience against the global economic turmoil. IT companies brought home $282.77 million in the July-December period of 2022-23, up from …
Read More »Palak urges Japanese IT entrepreneurs to invest more in Bangladesh
State Minister for ICT Zunaid Ahmed Palak has urged Japanese IT entrepreneurs to invest more in Bangladesh, taking the opportunity of the country’s “competitive strengths and policy incentives”, reports UNB. He was speaking at the webinar “Investment Opportunities in Hi-Tech Parks in Bangladesh” hosted by the Embassy of Bangladesh in …
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