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...

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Main Authors:	Chen, Gregory, Rasmussen, Stephen
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BALANCE SHEET BANKS BUSINESS MODEL BUSINESS OPERATION BUSINESSES CELL-PHONE CENTRAL BANK CEO COMMERCIAL BANK COMPANY COMPETITIVE MARKET CONSUMER GOODS CORE BUSINESS CORPORATION CUSTOMER BASE CUSTOMER SEGMENT DEPOSIT DEPOSITS DISTRIBUTION COMPANIES DISTRIBUTION NETWORK ENTREPRENEURSHIP FINANCE CORPORATION FINANCIAL PERFORMANCE FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES INTERNATIONAL FINANCE LICENSE LICENSES LIMITED LTD. MARKETING MENU MICROFINANCE MINORITY INVESTORS MOBILE NETWORK MOBILE PHONE NONBANKS PARTNERSHIP PHONE NUMBER PORTFOLIO PRIVATE LIMITED COMPANY RADIO REGULATOR REGULATORS REGULATORY COMPLIANCE REGULATORY ENVIRONMENT RELATED COMPANIES REVENUE SHARING SAVINGS SERVICE PROVIDERS SOCIAL ENTERPRISES SOCIAL SERVICES SUBSIDIARIES SUBSIDIARY TECHNICAL ASSISTANCE TECHNOLOGY PLATFORM TELECOMMUNICATIONS TELEVISION TRACK RECORD TRANSACTION TRANSACTION VOLUME USERS VENTURE CAPITAL WEB WEB SITE
Online Access:	http://documents.worldbank.org/curated/en/2014/07/20235008/bkash-bangladesh-fast-start-mobile-financial-services http://hdl.handle.net/10986/20262

id	okr-10986-20262
recordtype	oai_dc
spelling	okr-10986-202622021-04-23T14:03:55Z bKash Bangladesh : A Fast Start for Mobile Financial Services Chen, Gregory Rasmussen, Stephen BALANCE SHEET BANKS BUSINESS MODEL BUSINESS OPERATION BUSINESSES CELL-PHONE CENTRAL BANK CEO COMMERCIAL BANK COMPANY COMPETITIVE MARKET CONSUMER GOODS CORE BUSINESS CORPORATION CUSTOMER BASE CUSTOMER SEGMENT DEPOSIT DEPOSITS DISTRIBUTION COMPANIES DISTRIBUTION NETWORK ENTREPRENEURSHIP FINANCE CORPORATION FINANCIAL PERFORMANCE FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES INTERNATIONAL FINANCE LICENSE LICENSES LIMITED LTD. MARKETING MENU MICROFINANCE MINORITY INVESTORS MOBILE NETWORK MOBILE PHONE NONBANKS PARTNERSHIP PHONE NUMBER PORTFOLIO PRIVATE LIMITED COMPANY RADIO REGULATOR REGULATORS REGULATORY COMPLIANCE REGULATORY ENVIRONMENT RELATED COMPANIES REVENUE SHARING SAVINGS SERVICE PROVIDERS SOCIAL ENTERPRISES SOCIAL SERVICES SUBSIDIARIES SUBSIDIARY TECHNICAL ASSISTANCE TECHNOLOGY PLATFORM TELECOMMUNICATIONS TELEVISION TRACK RECORD TRANSACTION TRANSACTION VOLUME USERS VENTURE CAPITAL WEB WEB SITE 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. 2014-09-29T20:46:00Z 2014-09-29T20:46:00Z 2014-07 http://documents.worldbank.org/curated/en/2014/07/20235008/bkash-bangladesh-fast-start-mobile-financial-services http://hdl.handle.net/10986/20262 English en_US CGAP brief; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	BALANCE SHEET BANKS BUSINESS MODEL BUSINESS OPERATION BUSINESSES CELL-PHONE CENTRAL BANK CEO COMMERCIAL BANK COMPANY COMPETITIVE MARKET CONSUMER GOODS CORE BUSINESS CORPORATION CUSTOMER BASE CUSTOMER SEGMENT DEPOSIT DEPOSITS DISTRIBUTION COMPANIES DISTRIBUTION NETWORK ENTREPRENEURSHIP FINANCE CORPORATION FINANCIAL PERFORMANCE FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES INTERNATIONAL FINANCE LICENSE LICENSES LIMITED LTD. MARKETING MENU MICROFINANCE MINORITY INVESTORS MOBILE NETWORK MOBILE PHONE NONBANKS PARTNERSHIP PHONE NUMBER PORTFOLIO PRIVATE LIMITED COMPANY RADIO REGULATOR REGULATORS REGULATORY COMPLIANCE REGULATORY ENVIRONMENT RELATED COMPANIES REVENUE SHARING SAVINGS SERVICE PROVIDERS SOCIAL ENTERPRISES SOCIAL SERVICES SUBSIDIARIES SUBSIDIARY TECHNICAL ASSISTANCE TECHNOLOGY PLATFORM TELECOMMUNICATIONS TELEVISION TRACK RECORD TRANSACTION TRANSACTION VOLUME USERS VENTURE CAPITAL WEB WEB SITE
spellingShingle	BALANCE SHEET BANKS BUSINESS MODEL BUSINESS OPERATION BUSINESSES CELL-PHONE CENTRAL BANK CEO COMMERCIAL BANK COMPANY COMPETITIVE MARKET CONSUMER GOODS CORE BUSINESS CORPORATION CUSTOMER BASE CUSTOMER SEGMENT DEPOSIT DEPOSITS DISTRIBUTION COMPANIES DISTRIBUTION NETWORK ENTREPRENEURSHIP FINANCE CORPORATION FINANCIAL PERFORMANCE FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES INTERNATIONAL FINANCE LICENSE LICENSES LIMITED LTD. MARKETING MENU MICROFINANCE MINORITY INVESTORS MOBILE NETWORK MOBILE PHONE NONBANKS PARTNERSHIP PHONE NUMBER PORTFOLIO PRIVATE LIMITED COMPANY RADIO REGULATOR REGULATORS REGULATORY COMPLIANCE REGULATORY ENVIRONMENT RELATED COMPANIES REVENUE SHARING SAVINGS SERVICE PROVIDERS SOCIAL ENTERPRISES SOCIAL SERVICES SUBSIDIARIES SUBSIDIARY TECHNICAL ASSISTANCE TECHNOLOGY PLATFORM TELECOMMUNICATIONS TELEVISION TRACK RECORD TRANSACTION TRANSACTION VOLUME USERS VENTURE CAPITAL WEB WEB SITE Chen, Gregory Rasmussen, Stephen bKash Bangladesh : A Fast Start for Mobile Financial Services
geographic_facet	South Asia Bangladesh
relation	CGAP brief;
description	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.
format	Publications & Research :: Brief
author	Chen, Gregory Rasmussen, Stephen
author_facet	Chen, Gregory Rasmussen, Stephen
author_sort	Chen, Gregory
title	bKash Bangladesh : A Fast Start for Mobile Financial Services
title_short	bKash Bangladesh : A Fast Start for Mobile Financial Services
title_full	bKash Bangladesh : A Fast Start for Mobile Financial Services
title_fullStr	bKash Bangladesh : A Fast Start for Mobile Financial Services
title_full_unstemmed	bKash Bangladesh : A Fast Start for Mobile Financial Services
title_sort	bkash bangladesh : a fast start for mobile financial services
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/07/20235008/bkash-bangladesh-fast-start-mobile-financial-services http://hdl.handle.net/10986/20262
_version_	1764445031057326080

bKash Bangladesh : A Fast Start for Mobile Financial Services

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