Update March 8, 2015

Dhaka 3-06 pm, 31-May, 2020

British lawmaker lauds role of BD mobile banking

Sumel Sarker

mobile banking

British lawmaker Rt Hon Caroline Spelman has lauded the role of mobile banking in Bangladesh.

08 March 2015, Nirapad News: Member of Parliament (MP) for Meriden Constituency in the West Midlands, United Kingdom, Rt Hon Caroline Spelman mentioned recently the success of mobile banking for garment workers in Bangladesh during a debate in the British Parliament on the eve of International Women’s Day 2015 to be observed across the globe today (March 8), said a press release.

This year the theme of the International Women’s Day ‘Make It Happen’.

Rt Hon Spelman said, “It is good to mention men who have advocated on behalf of women, so let me mention the well-deserved accolade that the central banker for Bangladesh, Dr Atiur Rahman, received for his initiative to enable mobile phone banking for garment workers in Bangladeshi factories. Such practical initiatives make a big difference.”

In Bangladesh, mobile banking has gained much popularity and trust in remitting hard-earned money to home villages by the working women in the apparel and clothing sector.

To expedite mobile financial services, Bangladesh Bank has permitted 28 commercial banks and already 25.18 million mobile bank accounts have been opened creating employment of more than half a million agents across country.

Average daily transaction through mobile banking services has increased by more than 8.0 per cent to Tk 3.78 billion in January 2015 from Tk 3.49 billion in December 2014.

Alliance for Financial Inclusion (AFI) has already awarded Bangladesh Bank for its policy contribution towards reaching out to mass people’s doorstep with mobile financial services.

Besides, the central bank of Bangladesh has taken special policy moves and opened refinance windows to facilitate development of women empowerment in various sectors.

The Bangladesh Bank has not only created separate unit managed by women officials for women entrepreneurship development but also has directed all banks and financial institutions to have similar units. As a result thousands of women entrepreneurs are having access to finance in different clusters.

The central bank also has provided a gender policy encouraging safety and security of women employees for both the central bank and other banks.

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