Samveet Sahoo

Senior Manager

Samveet Sahoo is a Senior Manager in Digital Financial Services domain of MSC India, focused in Payments and Distribution. He has seven years of experience in business strategy, client management, new product development, and stakeholder engagement in the financial services sector, spanning digital financial solutions to rural and inclusive banking.

He has worked on projects with banks, mobile network operators (MNOs), agent network managers (ANMs), microfinance institutions (MFIs), fintechs, regulators and governments in Bangladesh, India, and Liberia. He is currently the Country Program Manager for MetLife’s I3 program. His areas of expertise include project management, customer experience mapping, strategy and product development, user-interface evaluation, product evaluation, institutional assessments and risk analysis, market research, channel design, process re-engineering, pilot testing and support to roll-out, monitoring and evaluation, and the development of analytical frameworks and policy analysis.

Posts by Samveet Sahoo

Different yet similar — behavioral biases of low- and moderate-income people in Bangladesh and Vietnam

“We see the potential volume, but do we design profitable products for low-and moderate-income (LMI) people?” MSC faces this question repeatedly in discussions with our clients across Asia and Africa—including our partners in Bangladesh and Vietnam under the MetLife Foundation-funded i3 program. Through this two-blog series, we question key behavioral biases to consider while creating compelling, engaging, and profitable products for the low- and moderate-income segment. The first blog speaks of the macro-economy and demography of the Bangladesh and Vietnam markets. We also take you through the digital financial services progress in both countries and the steps governments take to expand digitally. The next blog in this series will look at the similarities and differences of the LMI segment in Bangladesh and Vietnam.

Credit for low- and moderate-income people in Bangladesh—can new-age banks and FinTechs deliver the regulator’s wish?

The waves of digitization and technological advancements have led to the opening of MFS accounts for 60% of the population in Bangladesh. The country now boasts more than 1.1 million agents. Despite the widespread use of MFS and internet access, only 9.1% of people access the formal credit system. Digital credit can be a stepping-stone in Bangladesh due to the lower cost of delivering credit through digital means, combined with the mass digital readiness of consumers. Several solutions have emerged from banks, NBFIs, FinTechs, MFSPs, MFIs, and development partners, such as City Bank’s “Nano Loan” product pilot to Prime Bank’s loan product for blue-collar workers. Together, stakeholders are trying to forge partnerships to address problems around access to credit and social development in Bangladesh.

COVID-19 and FinTechs in Bangladesh—impact and resilience

The COVID-19 pandemic had a pronounced effect on FinTechs in Bangladesh. MSC sought to evaluate the extent of this impact, given our partnering role in the DFS and FinTech ecosystem in the country. MSC conducted this landscape study on FinTechs with support from Visa in 2021. This report defines the impact of COVID-19 on FinTechs and identifies the possible way forward.

Cool in crisis: How Bangladeshi MFIs stay resilient

Since its independence, Bangladesh’s resilience in the face of numerous calamities like floods, droughts, and famines has earned worldwide appreciation. This blog explores how the country’s microfinance industry stays resilient during crises and continues to protect the poor and vulnerable.

Lakshya: Helping the urban poor save to improve their financial health

Lakshya is a digital savings platform that provides access to formal savings and insurance to low- and middle-income (LMI) segments in India. It promotes the uptake of formal financial services and financial health within the community. This blog explores the journey of Lakshya and the positive impact it hopes to create within LMI segments.

Bangladesh – the basket case that taught microfinance to the world

As Bangladesh celebrates 50 years of independence, we look back at one of its greatest gifts to the world—microfinance. This blog highlights the role of Bangladesh’s four pioneering institutions—Grameen Bank, BRAC, ASA, and BURO Bangladesh—in the origin of microfinance and its local popularization, global adaptation, business model optimization, and product innovation.

Impact of COVID-19 on Fintech: Bangladesh

2020 was a nightmare for Bangladesh. Even though the country responded swiftly, early-stage start-ups struggled with a lack of funding during the crisis. This study assesses the impact of COVID-19 on the FinTech ecosystem of Bangladesh. It further explores how the new digital-first policy helped FinTechs cope with the pandemic.

Impact of COVID-19 pandemic on micro, small & medium enterprises (MSMEs): Bangladesh report

The COVID-19 crisis has proven devastating for MSMEs in Bangladesh, which have seen their revenues reduce to almost half. Our report analyzes the pandemic’s economic consequences on MSMEs and highlights their coping strategies. It also provides policy recommendations to help them recover.