This report provides a comprehensive overview of the pivotal role played by digital financial services (DFS) in facilitating merchant payments and driving financial inclusion across Bangladesh, India, Indonesia, and Pakistan.
Additionally, the report underscores the significance of DFS in driving financial inclusion and digitization in the merchant payment segment, while also addressing the challenges and implications of these initiatives.
South Asia’s Digital Financial Services (DFS) landscape is evolving rapidly, reflecting a growing trend towards digital payments and merchant digitization. In Bangladesh, India, Indonesia, and Pakistan, significant strides are being made to embrace digital finance and foster inclusive growth.
Interoperability remains a common goal across South Asia, driving progress in digital transactions and financial inclusion. As countries tailor policies to unique contexts, collaborative efforts are essential for sustainable growth and comprehensive financial inclusion.
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Note: This report, funded by the Bill & Melinda Gates Foundation, has been jointly prepared by LightCastle Partners, Larive International, PT Clarity Research, and Sannam S4 Ltd. The findings and conclusions contained within are those of the authors.
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