‘Govt provides supports for financial inclusion through digital channels’

Digital Financial Inclusion in Bangladesh Conference in Dhaka

Kalerkantho Online   

21 November, 2018 17:37 PM

‘Govt provides supports for financial inclusion through digital channels’


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The UNCDF conference yesterday shared new insights, industry innovations and solutions aimed at impacting and accelerating change in Digital Financial Services Industry.

“The present government is providing all supports for financial inclusion through digital channels. The government is also developing all sorts of financial strategies, rules and regulations where technology is the key priority issue,” said Abul Kalam Azad, chief coordinator for Sustainable Development Goals (SDG) Affairs, at the Prime Minister's Office.

The conference was held at Bangabandhu International Conference Center in the capital in association with Access to Information Programme (a2i), BRAC and Business Finance for the Poor in Bangladesh (BFP-B) while the conference was also financially supported by the European Union and the Bill & Melinda Gates Foundation.

An e-mail from UNCDF Communications Officer Md. Kamrul Hassan confirmed this on Tuesday.

“Digital Technologies offer us a unique opportunity to advance digital financial inclusion for all, especially for women,” said Sonia Bashir Kabir, managing director of Microsoft Bangladesh.

While speaking in the conference, Farzana Chowdhury, managing director and CEO of the Green Delta Insurance Limited also said: “Financial industry is a dynamic industry, and it constantly needs innovation. Innovation leads to better products and better solutions.”

The conference highlighted a need to digitize remittances for real economic growth and also showcased the enormous opportunity small retailers present in Bangladesh.

The conference also highlighted that the small retailers are an economic force with almost US$ 18 billion in annual turnover in 2018 alone.