This partnership will strengthen access to financial products and services through digital platforms and improve financial literacy.

The Government of Bangladesh, in partnership with the UN-based Better Than Cash Alliance, just launched its 2022-2025 National Digital Payments Roadmap – a call to action for key public and private sector actors to speed up responsible payment digitization to leave no one behind.

Survey findings on the impact of COVID-19 on financial behavior show that while financial inclusion in Pakistan increased from 21 percent of adults pre-pandemic to 25 percent in late 2020, the change was driven entirely by mobile money adoption.

The tie-up will enable Indian startups and SMBs to fold technology into their operations and accelerate digitalization while also maintaining business continuity and preparing for alternatives to cash payments.

The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.

ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

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.

In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.

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