If digital banking were a cricket match, Bangladesh would still be warming up while Kenya and Ghana are already batting in the Super Over. The idea is simple: if a country wants to take banking to the unbanked, it must go where the unbanked actually live, outside traditional banking halls, far away from the marble floors and token queues. Most African nations figured this out early.

The central bank approved the guidelines on digital banks in 2023

The Bangladesh Bank has raised the paid-up capital requirement for digital banks from Tk 125 crore to Tk 300 crore.

To be successful, digital banks must address the needs of these untapped low-moderate-income segments by capturing the alternate sources of data

The banking sector in Bangladesh is at risk, given its huge amounts of distressed assets.

Fifty-two applications have been filed by companies such as banks, fintec firms and mobile financial service providers to roll out digital banks, Bangladesh Bank Spokesperson Md Mezbaul Haque confirmed today.

Digital banks operate exclusively online without traditional physical branch networks. Traditional brick-and-mortar banks have high operational costs,

The establishment of the proposed digital bank named “bKash Digital Bank PLC” is subject to the approval of the Bangladesh Bank, it said in a disclosure for general investors in the stock market.