
In 2021, 53% of adults in Bangladesh owned accounts with financial institutions or mobile money platforms, relative to 50% of adults in 2017. However, a shift in patterns of account ownership illustrates a more nuanced narrative, reads a press release. Since 2014, mobile money account ownership has increased by 26 percentage points, largely driven by adults with financial institution accounts also adopting mobile money. Women and poor adults have especially benefited from this growth in mobile money. Digital payments increased during the Covid-19 pandemic, such as sending domestic remittances or paying utilities from an account. These findings were shared at a seminar titled, “The Future of Financial Inclusion: Presenting the Findex 2021 Bangladesh Findings” organised by BIGD, Brac University in partnership with the World Bank (WB) at the capital’s Brac Centre Inn on Sunday.
In 2021, 53% of adults in Bangladesh owned accounts with financial institutions or mobile money platforms, relative to 50% of adults in 2017. However, a shift in patterns of account ownership illustrates a more nuanced narrative, reads a press release. Since 2014, mobile money account ownership has increased by 26 percentage points, largely driven by adults with financial institution accounts also adopting mobile money. Women and poor adults have especially benefited from this growth in mobile money. Digital payments increased during the Covid-19 pandemic, such as sending domestic remittances or paying utilities from an account. These findings were shared at a seminar titled, “The Future of Financial Inclusion: Presenting the Findex 2021 Bangladesh Findings” organised by BIGD, Brac University in partnership with the World Bank (WB) at the capital’s Brac Centre Inn on Sunday.