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Mobile Money in Bangladesh Plateaus after Fast Start

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Mobile money in Bangladesh had a fast start, with a particularly rapid growth of over-the-counter (OTC) use. Recent data from a Financial Inclusion Insights (FII) survey andBangladesh Bank, however, show that while use is still increasing, the rate of growth in transaction value and volume is tapering off.

In addition, Bangladesh shows a big drop off between awareness and use – 92% of adults are aware of mobile money, but only 33% use mobile money, and only 9% of adults have a registered account.

For more on this story visit the following link: Mobile Money in Bangladesh Plateaus after Fast Start

Source: CGAP

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