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Digital Financial Services Must Expand to Address Pandemic Fallout

Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.

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Bangladesh: Remittance Hits Record High in July

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

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IFC Finances the City Bank to Help Bangladeshi Companies and Small and Medium Enterprises Impacted by COVID-19

The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, which aims to help companies stay in business.

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United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.

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Bangladesh: COVID-19 and the Coming Microinsurance Revolution

COVID-19 has brought to the forefront the potential for microinsurance in the Bangladesh market, where over 30 percent live below the national poverty line and insurance penetration is extremely low.

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Bangladesh: Govt Cash Gift for Corona-Affected Family Disbursed Through Rupali Bank SureCash

The government is providing direct cash assistance to 5 million Corona-affected families.

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Bangladesh: Expatriates Opt for bKash to Send Remittance Safely Amid COVID-19 Crisis

In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.

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Unbanked Firms Stand to Miss Out

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists.

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50 Nations Promised Cash to Fight COVID-19

50 nations promised cash to fight Covid-19, but few, like India and Bangladesh, are doing it right. India’s trinity of Jan Dhan, Aadhaar, and mobile communications — or JAM — can work wonders if it is used extensively to reform citizen–state engagement.

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Coronavirus Could Wipe Out $3 Billion From Bangladesh Economy

According to the Asian Development Bank, the financial fallout from the ongoing coronavirus epidemic could potentially shrink Bangladesh's gross domestic product by as much as 1.1 percent or $3.02 billion.