Mobile Financial Services (MFS)
Why this prolonged internet shutdown?
Never before has there been such a lengthy internet outage encompassing the whole country.
Women far behind men in financial inclusion thru MFS
Women trail men in banking sector as well, study finds
A promising shift in empowering women
Mobile Financial Services (MFS) serve as a transformative catalyst, empowering women, particularly those in rural areas, to actively engage in financial activities.
A Cashless Day with Mobile Money
In the hustle and bustle of my life as a university student juggling academics with a part-time job, one ordinary day took an unexpected turn.
Changing landscape of mobile money in Bangladesh
A transformative shift emerged over a decade since the inception of Mobile Financial Services (MFS) in Bangladesh, initially confined to fund transfers.
Bangladesh’s rise in mobile money: A global perspective
The mobile financial services (MFS) are growing faster in Bangladesh than its global low- and middle-income counterparts, driven by people’s widespread adoption of handset-based solutions in the absence of their active participation in traditional banking channels.
How mobile money is reshaping financial inclusion in Bangladesh
In recent years, Bangladesh has seen tremendous growth in digitalization, which is gradually changing the shape of the country’s socioeconomic parameters and propelling it into the digital age.
Banking the last mile through savings groups
In Bangladesh, savings groups have been uplifting thousands of women from poverty.
Nagad Finance inches closer to running MFS operation
The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services.
Fund transfer among MFS distributors to become easy
Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays.
Banks, MFS must go the extra mile to serve flood-hit people
The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.
IT freelancers can now bring in remittance through mobile financial service
Bangladesh Bank today allowed mobile financial service (MFS) providers to bring remittance in order to facilitate freelance workers.
Mobile financial services: Strengthen compliance with anti-money laundering, anti-terror financing measures
The novel coronavirus has accelerated the global trend towards a cashless economy. The growth of e-commerce and the ease of contactless payment options amidst the fear of paper money contamination with the virus have further boosted the scope of digital transaction.
Nagad brings down cash-out charge to Tk 9.99 per Tk 1,000
Nagad, the mobile financial arm of the Postal Department, today has brought down the cash-out charge to Tk 9.99 per Tk 1,000 -- the lowest rate ever in the country's mobile financial service segment.
BUILDING ON WHAT WORKS BETTER
Bangladesh, with the support and vision of the Bangladesh Bank, has seen remarkable progress in Mobile Financial Services (MFS) in recent years.