Is Bangladesh ready for digital only banks?
Can you ensure financial inclusion for everyone when moving away from traditional banks?
Business Daily · BBC World Service
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Show Notes
The government in Bangladesh is trying to modernise its economy and has announced a policy to create digital only banks. The idea is to move away from traditional bricks and mortar banks and provide more financial services to people in remote areas.
For fintech companies that operate digital wallets – this is a gamechanger. However, many people in the country don’t have access to smartphones or the internet, so how will these banks work for them and for Bangladesh’s economy?
Presenter / producer: Devina Gupta Image: Money exchange; Credit: Getty Images