Brac Bank has introduced an innovative financial product called Tally Loan - 'Druti' to promote greater financial inclusion in Bangladesh. This business loan is designed specifically for small traders, often overlooked by formal financial institutions, reads a press release. With over eight million businesses lacking access to formal credit and
Tag: Financial inclusion
Govt keen to expand digital banking
The government is optimistic about expanding digital banking in the country to accelerate financial inclusion with an aim to create more jobs for young jobseekers. According to an official document seen by UNB, the government has stepped in to examine the possibility of "establishing digital banks." It says if digital banking, which
10th anniversary of MFS celebrated with promise for financial inclusion
The closing ceremony of 10th anniversary of Mobile Financial Service (MFS) was held in Dhaka with the hope of making daily financial transactions of millions easier, safer, instant and further expanding financial inclusion. The MFS sector, which has more than 110 million subscribers, is celebrating a decade’s journey of success with
SHAREit encouraging digital and financial inclusion in Bangladesh
SHAREit, an online and offline digital content and file-sharing platform, aims at breaking barriers to create an inclusive infrastructure. In its earliest days, SHAREit focused on building a cross platform file sharing app, which then evolved into an online and offline file sharing, content streaming, and gaming platform. Additionally, it’s “a