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Saving Through bKash to Expedite Financial Inclusion From Rural Backwater
At a time when Bangladesh is mapping out detailed plans with a view to realizing the Smart Bangladesh Vision 2041, the fact is - a significant portion of the population is still out of the ambit of financial inclusion. However, the silver lining is that MFSs are rising to the occasion to transform the current situation to bring unbanked and underbanked to the formal financial channel.
MFS market pioneer bKash has recently rolled out a new feature - savings opportunities for its millions of account holders – in collaboration with three banks and one Non-Banking Financial Institution (NBFI), opening up new avenues for people who are lagging behind in terms of financial inclusion and expediting digital transformation.
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