Harnessing the Power of Digitization in the MFI sector of Bangladesh

LightCastle Analytics Wing
March 11, 2021
Harnessing the Power of Digitization in the MFI sector of Bangladesh

Over the last couple of years, Bangladesh’s rapid economic growth rate coupled with its growing population has contributed to the creation of more tech-savvy, innovative individuals with higher spending power. Predictions of increasing inequality within the nation have brought about concerns, for which efforts toward financial inclusion have been on the rise. Particularly, the COVID 19 pandemic brought with it a dire need for digitizing financial services in Bangladesh bringing forth innovative platforms such as bKash, Rocket, among others. As such, there has been growing interest in digitization in the microfinance sector.

Zahedul Amin, Director, Finance, Strategy and Consulting Services, at LightCastle Partners, was a keynote speaker at an webinar, organized by Standard Chartered Bank where he gave a presentation covering the overall MFI landscape of Bangladesh and gauged the sector’s scope and opportunities. 

Check out the key insights and the prospects of digital transformation in the microfinance sector of Bangladesh below.

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WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

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