Mobile Financial Services: Consumer Insights Study
Bangladesh began its Mobile Financial Services (MFS) journey in 2011. The primary goal of MFS is financial inclusion - reaching the unbanked population with appropriate financial services. As of end of December 2013 there are more than 13.2 million registered users being served by nearly 182,000 agents transacting around TK66 Billion per month. Over-the-Counter (OTC) transactions constitute nearly 90% of the market. People are not opening and using mobile wallets by the masses just yet. Moreover, a significant number of those who are using MFS today cannot be categorized as “base of the pyramid” consumers.
Digital World 2012 Conference, Dhaka, Bangladesh: The Digital World Conference series is the flagship annual event on technology-enabled growth agenda organized by the Government of Bangladesh, in association with the ICT industry. pi Strategy Consulting was invited to deliver the keynote speech at a session titled “Enhancing Financial Inclusion through ICT”. The session was attended by senior management of leading organizations in the realm as well as the general public.More
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