Tag: I3 PROGRAM

Since the onset of the pandemic, the low- and moderate-income (LMI) segment had a direct impact on their day-to-day life. We reflect through Kabita, an LMI customer in Bangladesh, on the barriers LMIs faced during the pandemic and how DFS nudged them towards building resilience.

With the rise of digital financial services, the gender gap in access to formal financial services has narrowed by the day. Digitization of the Primary Education Stipend Program (PESP) is one of the many examples where the Government of Bangladesh has used DFS to increase women’s access to financial services.

The micro and small merchants of Bangladesh can help ensure greater financial inclusion by accepting digital payments and using these funds to make further payments to their suppliers.

Digitization of the Social Safety Net program has helped resolve the woes of millions of economically vulnerable and socially and physically disadvantaged people in Bangladesh. It ensured that they receive payments in full and on time along with the option to access other financial services through agent banking.

For the underserved populations of rural Bangladesh, mobile financial services promise to be the gateway to full-fledged financial services in the future.

The i3 program works in Bangladesh, Malaysia, China, and Vietnam to bring greater financial access to the LMI populations through technology. This year’s i3 global learning event “Financial Health: Access to Aspirations” is a step towards this goal. The event will be held on 14th November, 2019 in Singapore. We invite participants from all fields who wish to contribute towards improving the financial health of the LMI segment.