FinTech solutions and innovations in digital financial services (DFS) are gaining momentum in Bangladesh, boosting financial inclusion. DFS innovations can rapidly expand financial access and inclusion, but also pose risks related to fraud, market abuses, and financial stability. This case study delves into the evidence-based benefits and limitations of Bangladesh Bank’s approach to regulating and supervising innovations in the DFS market.
Impact / Outcome
FinTech solutions and innovations in digital financial services (DFS) are gaining momentum in Bangladesh, boosting financial inclusion. In 2018, 50 percent of its population had access to formal financial services, an increase of 57 percent since 2013. Since 2010, the government has actively looked towards technology to reduce poverty and transform people’s lives in line with its Digital Bangladesh – Vision 2021 plan.
Key Metrics
Access to formal financial services
Operating model
Fully publicYear published
21 December 2020 
Alliance for Financial Inclusion (AFI) NGOs and other non-profit