bKash, Ant Financial to promote financial inclusion for the unbanked in Bangladesh

Thursday 26 April 2018 14:23 CET | News

bKash and Ant Financial Services Group have partnered to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.

Ant Financial will invest into bKash allowing it to provide convenience and security in mobile financial services throughout Bangladesh.

Established in 2010 by founding shareholders, BRAC Bank Limited and Money in Motion LLC, bKash is running a network of more than 180,000 agents throughout urban and rural areas of Bangladesh with over 30 million registered accounts.

International Finance Corporation (IFC) and the Bill & Melinda Gates Foundation have been shareholders in bKash, since 2013 and 2014 respectively.

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Keywords: bKash, Ant Financial, unbanked, Bangladesh, International Finance Corporation
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce