bKash Bangladesh : A Fast Start for Mobile Financial Services
The first mobile financial service deployments were launched in Bangladesh in mid-2011, and by the end of 2013 they were being used by 22 percent of the adult population (intermedia 2014) - a fast start for a large country of 160 million inhabitant...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/07/20235008/bkash-bangladesh-fast-start-mobile-financial-services http://hdl.handle.net/10986/20262 |
| Summary: | The first mobile financial service
deployments were launched in Bangladesh in mid-2011, and by
the end of 2013 they were being used by 22 percent of the
adult population (intermedia 2014) - a fast start for a
large country of 160 million inhabitants. In 2013 registered
mobile financial services accounts in Bangladesh grew faster
than in any other country. The bKash board and management
are the first to say that there is a long way to go and much
still to do to build the business. It needs to stabilize its
technology platform to support a much higher volume of
transactions. Early fast scale has provided a platform for
bKash to take its next steps and has shown that it is
possible to create a deeper and more competitive market in Bangladesh. |
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