Bangladesh has made significant strides in economic development, transitioning from one of the world’s poorest countries to a lower-middle-income nation. The country’s gross domestic product (GDP) per capita stands at over $2,600. Bangladesh has achieved considerable poverty reduction, with moderate poverty levels dropping significantly. Financial inclusion has grown, with at least half of the population participating in the formal financial system.
The expansion of mobile financial services (MFS) has driven Bangladesh’s fintech development, showcasing how financial technology can foster inclusion. Mobile money has become one of Bangladesh’s most visible fintech advancements, significantly boosting financial inclusion. Bangladesh’s fintech sector has attracted significant venture capital interest, with investments exceeding millions.
