The mobile financial services: fast growing financial sector in Bangladesh

Abstract

The utilization of mobile finance services has experienced a significant surge in Bangladesh, providing financial services to a considerable number of people who do not have access to banking facilities. This research delves into the impact of mobile financial services on the economy of Bangladesh. The study aims to provide a comprehensive overview of the present state of mobile finance services in the country and identify potential areas for future growth and expansion.

To obtain information on consumer uptake and usage of mobile finance services in Bangladesh, the study would combine primary and secondary sources, including surveys, interviews, and case studies. The socioeconomic and demographic elements that affect the country's adoption ofmobile finance services will also be looked at in the study. Additionally, the study will look into how mobile financial services might help low-income individuals lead better lives and how they relate to the fight against poverty.

Additionally, the study will examine the financial advantages and potential disadvantages of mobile finance services. The study will concentrate on how mobile finance services might improve financial inclusion, broaden credit availability, and foster economic growth in Bangladesh. The thesis will also look at how mobile financial services might help increase financial literacy among the populace and raise the GDP of the nation. In order to ensure that the services are secure and safe for the users, the research will also look at the regulatory structure that oversees mobile finance services in Bangladesh and how it may be mproved. The study will also examine the difficulties and chances that the nation's mobile finance service providers face, as well as how to get past them.

Overall, the goal of this thesis is to present a thorough grasp of Bangladesh's mobile banking services as they exist today and to pinpoint areas that can grow and expand in the future. In Bangladesh and other developing nations where mobile banking services are quickly expanding, the research will offer useful information for policymakers, financial institutions, and service provider