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Business Daily: Is Bangladesh ready for digital only banks?

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21/08/2023 GMT

Is Bangladesh ready for digital only banks?

BBC World Service - Business Daily, Is Bangladesh ready for digital only banks?

Can you ensure financial inclusion for everyone when moving away from traditional banks?

The government in Bangladesh is trying to modernise its economy and has announced a policy to create digital only banks. The idea is to move away from traditional bricks and mortar banks and provide more financial services to people in remote areas. 

For fintech companies that operate digital wallets – this is a gamechanger. However, many people in the country don’t have access to smartphones or the internet, so how will these banks work for them and for Bangladesh’s economy?

Presenter / producer: Devina Gupta
Image: Money exchange; Credit: Getty Images

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