Enabling the community to embrace digital payments as the new normal after the COVID-19 pandemic
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.
Digital financial inclusion for rural women of Bangladesh
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.
Social Safety Net (SSN) finds a new highway to reach beneficiaries in Bangladesh
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.
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.