Making money accessible by phone in a mostly “unbanked” nation.
Bangladesh’s citizens face huge financial challenges: More than one-third of the population lives below the poverty line, and around 60% have no access to a bank or other formal financial institution. Enter bKash, now the country’s most popular mobile financial service provider. It allows people to make payments and transfer money via their phones. Some 22% of Bangladeshi adults now use bKash, and more than 4.5 million transactions pass through the system every day. Citizens also benefit from bKash’s many competitors; the country’s mobile banking transactions topped $20 billion in 2015.
Economic Opportunity/Financial Inclusion
Financial Data Services
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