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Are Mobile Financial Services Promoting Financial Inclusion in Bangladesh? An Assessment Study

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  • Bilkis Sultana
  • Mahbubar Rahman Khan

Abstract

Despite rapid progress of the financial sector in Bangladesh, there are concerns that banks have not been able to include a vast segment of the population, especially the underprivileged sections and rural people into the field of basic banking services. It is now widely evidenced that financial inclusion promotes growth and development. In 2011 Bangladesh Bank has introduced mobile financial services (MFS) for inclusion of the unbanked people in the financial network. The present paper examines whether the introduction of mobile financial services have promoted financial inclusion in Bangladesh. It also analyses challenges confronted by MFS to derive necessary policy options. [Working Paper Series: WP No 1623]

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  • Bilkis Sultana & Mahbubar Rahman Khan, 2017. "Are Mobile Financial Services Promoting Financial Inclusion in Bangladesh? An Assessment Study," Working Papers id:11914, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11914
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Alfred Hannig & Stefan Jansen, 2010. "Financial Inclusion and Financial Stability : Current Policy Issues," Finance Working Papers 23124, East Asian Bureau of Economic Research.
    2. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    3. James B. Ang, 2010. "Finance and Inequality: The Case of India," Southern Economic Journal, John Wiley & Sons, vol. 76(3), pages 738-761, January.
    4. Hannig, Alfred & Jansen, Stefan, 2010. "Financial Inclusion and Financial Stability: Current Policy Issues," ADBI Working Papers 259, Asian Development Bank Institute.
    5. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
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    Cited by:

    1. S.S.M. Sadrul Huda & MD. Humayun Kabir & Nurun Naher Popy & Sunny Saha, 2020. "Innovation In Financial Services: The Case Of Bangladesh," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 9(1), pages 31-56.

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