Though the government allocates Tk 100 crore in the national budget every year for the development of women entrepreneurship, not a single penny of this money gets used as the entrepreneurs lack awareness on how to ensure optimum utilisation of the fund.
Cash transactions in Bangladesh have continued to creep up in spite of significant developments in digital payment methods and digital financial services over the last decade, as per the latest annual report of Bangladesh Financial Intelligence Unit (BFIU).
The Bangladesh Bank plans to offer more permissions for digital banks, building on the progress made by mobile financial services and internet banking in recent decades, in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system.
Banks in Bangladesh are now focusing on opening sub-branches instead of agent banking outlets for being a more cost-effective and efficient means of brining banking services to the people’s doorstep.