Overview of mobile banking industry in Bangladesh. Competitive analysis by Porter's Five forces model. Swot analysis of Bkash of Brac bank, Rocket of DBBL and Islami bank's Mcash.
Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications, pay bills, authorize fund transfers, and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant (PDA)
Premier University
B.B.A
Assignment on: Mobile banking of bkash in Bangladesh
Submitted to
Prepared By
Md.Ariful Islam Saimon Chy
ID:1022114412 Phone :01673765551
E-mail : saimonchy28@yahoo.com
bKash (Bengali: বিকাশ) is a mobile financial service in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank Limited. This mobile money system started as a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, United States of
America. As a mobile financial service (MFS) provider in Bangladesh through bKash users can deposit money into their mobile accounts and then access a range of services, transferring and receiving money domestically, making payments. Services like mobile recharge or paying utility bills are also possible through bKash. A user can receive money from overseas on bKash.
Overview of mobile banking industry in Bangladesh. Competitive analysis by Porter's Five forces model. Swot analysis of Bkash of Brac bank, Rocket of DBBL and Islami bank's Mcash.
Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications, pay bills, authorize fund transfers, and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant (PDA)
Premier University
B.B.A
Assignment on: Mobile banking of bkash in Bangladesh
Submitted to
Prepared By
Md.Ariful Islam Saimon Chy
ID:1022114412 Phone :01673765551
E-mail : saimonchy28@yahoo.com
bKash (Bengali: বিকাশ) is a mobile financial service in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank Limited. This mobile money system started as a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, United States of
America. As a mobile financial service (MFS) provider in Bangladesh through bKash users can deposit money into their mobile accounts and then access a range of services, transferring and receiving money domestically, making payments. Services like mobile recharge or paying utility bills are also possible through bKash. A user can receive money from overseas on bKash.
Use of Articificial Intelligence and technologies in providing financial services is what fintech does. Whether it is Payment gateway, insurance, banking, lending, stock trading, taxes.
How Fintech evolved over the years in the World and Indian Economy.
Indian Fintech Companies under different categories
Common Fintech practices adopted by Fintech Companies with better flexibility, convenience and accessibile financial products and services
The appearance of data innovation to each part of human life and business has been obvious to
the point that it doesn't should be complemented more. Data innovation has been of extraordinary
substance in managing an account framework. This examination expects to explore the impact of
data innovation in the saving money arrangement of Bank. The information are acquired both
through the clients and the workers. The information were then broke down utilizing the correct
rate and the 5-point Liker scale to decide the effect of Information innovation in the saving money
framework undertakings. The discoveries at that point demonstrated that Information innovation
adds to the saving money framework in three diverse routes as tails: IT spares the season of the
clients and the representatives obviously, IT chops down the costs and IT encourages the system
exchanges.
"Digital Banking" by Nikolay Spasov
The presentation was part of the 2016 Digital Marketing Masterclass organized by Interactive Advertising Bureau (IAB) Bulgaria and New Bulgarian University (NBU). The scope of the lecture is to present the current trends in banking and the available technologies that are supporting the industry.
Mobile banking is one of the latest tools for easy and convenient banking in the current world. Day to day mobile payment and banking has become popular in Bangladesh. “Mobile Banking System in Bangladesh: A Closer Study” is the title of this assignment. The main objective of the study is to take a fresh look at the current M-Banking situation in Bangladesh and prospect of mobile banking in Bangladesh also highlight some recommendations for rendering M-banking services effectively. Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at affordable cost. To provide banking and financial services, such as cash-in, cash out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Mobile Banking. “Dutch-Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking service expanding the banking service from cities to remote areas. Currently many bank are providing this service and some bank are going to lunch this M-banking service. Among them “BRAC Bank Limited” mobile banking service named Bkash, Banglalink, Dhaka Bank and Western Union”, “Dutch-Bangla Bank Limited” services are most popular.“Bangladesh Post Office”, also provide mobile money services seems like m-banking. Mobile banking is not available on every device and still some popular bank does not provide mobile banking at all. The most potential customer of mobile banking is rural people. About 35% of mobile banking consumer are highly satisfied with present mobile banking service.After analyzing collected data eventually put some recommendation that may be proposed for further improvement of Mobile Banking in Bangladesh. In recommendation to reduced M-Banking limitation all banks should provide this opportunity, Government should provide help about mobile banking. Banks can use all mobile operators to make more available in all over the country. Also they should provide User guide to make easier the use of b-banking to all intended customers.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
CURRENT TREND IN INTERNET BANKING (SUBJECT -ENGINEERING ECONOMICS AND MANAG...Vraj Patel
1. NAME- VRAJ P. PATEL ,SUBJECT - EEM ,SY-COMP. -2 SVIT ,VASAD
2.Internet banking involves consumers using the Internet to access their bank account and to undertake banking transactions.
At the basic level, Internet banking can mean the setting up of a Web page by a bank to give information about its product and services.
At an advance level, it involves provision of facilities such as
accessing accounts
funds transfer
buying financial products or services online.
This is called ``transactional'' online banking.
3.BANKING SERVICES THROUGH INTERNET
4.Traditional Banking Vs. Internet Banking
5.Advantages of Internet Banking
6.EXAMPLE OF ICICI BANK
7.CASE STUDY RELATED TO CURRENT TREND OF INTERNET BANKING ,REVIEW OF WORLD WIDE INTERNET BANKING SCOPE ,
8. CONCLUSION
Use of Articificial Intelligence and technologies in providing financial services is what fintech does. Whether it is Payment gateway, insurance, banking, lending, stock trading, taxes.
How Fintech evolved over the years in the World and Indian Economy.
Indian Fintech Companies under different categories
Common Fintech practices adopted by Fintech Companies with better flexibility, convenience and accessibile financial products and services
The appearance of data innovation to each part of human life and business has been obvious to
the point that it doesn't should be complemented more. Data innovation has been of extraordinary
substance in managing an account framework. This examination expects to explore the impact of
data innovation in the saving money arrangement of Bank. The information are acquired both
through the clients and the workers. The information were then broke down utilizing the correct
rate and the 5-point Liker scale to decide the effect of Information innovation in the saving money
framework undertakings. The discoveries at that point demonstrated that Information innovation
adds to the saving money framework in three diverse routes as tails: IT spares the season of the
clients and the representatives obviously, IT chops down the costs and IT encourages the system
exchanges.
"Digital Banking" by Nikolay Spasov
The presentation was part of the 2016 Digital Marketing Masterclass organized by Interactive Advertising Bureau (IAB) Bulgaria and New Bulgarian University (NBU). The scope of the lecture is to present the current trends in banking and the available technologies that are supporting the industry.
Mobile banking is one of the latest tools for easy and convenient banking in the current world. Day to day mobile payment and banking has become popular in Bangladesh. “Mobile Banking System in Bangladesh: A Closer Study” is the title of this assignment. The main objective of the study is to take a fresh look at the current M-Banking situation in Bangladesh and prospect of mobile banking in Bangladesh also highlight some recommendations for rendering M-banking services effectively. Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at affordable cost. To provide banking and financial services, such as cash-in, cash out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Mobile Banking. “Dutch-Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking service expanding the banking service from cities to remote areas. Currently many bank are providing this service and some bank are going to lunch this M-banking service. Among them “BRAC Bank Limited” mobile banking service named Bkash, Banglalink, Dhaka Bank and Western Union”, “Dutch-Bangla Bank Limited” services are most popular.“Bangladesh Post Office”, also provide mobile money services seems like m-banking. Mobile banking is not available on every device and still some popular bank does not provide mobile banking at all. The most potential customer of mobile banking is rural people. About 35% of mobile banking consumer are highly satisfied with present mobile banking service.After analyzing collected data eventually put some recommendation that may be proposed for further improvement of Mobile Banking in Bangladesh. In recommendation to reduced M-Banking limitation all banks should provide this opportunity, Government should provide help about mobile banking. Banks can use all mobile operators to make more available in all over the country. Also they should provide User guide to make easier the use of b-banking to all intended customers.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
CURRENT TREND IN INTERNET BANKING (SUBJECT -ENGINEERING ECONOMICS AND MANAG...Vraj Patel
1. NAME- VRAJ P. PATEL ,SUBJECT - EEM ,SY-COMP. -2 SVIT ,VASAD
2.Internet banking involves consumers using the Internet to access their bank account and to undertake banking transactions.
At the basic level, Internet banking can mean the setting up of a Web page by a bank to give information about its product and services.
At an advance level, it involves provision of facilities such as
accessing accounts
funds transfer
buying financial products or services online.
This is called ``transactional'' online banking.
3.BANKING SERVICES THROUGH INTERNET
4.Traditional Banking Vs. Internet Banking
5.Advantages of Internet Banking
6.EXAMPLE OF ICICI BANK
7.CASE STUDY RELATED TO CURRENT TREND OF INTERNET BANKING ,REVIEW OF WORLD WIDE INTERNET BANKING SCOPE ,
8. CONCLUSION
The Singapore FinTech Consortium - Introduction to Financial Inclusion in Sou...FinTech Consortium
In recent years FinTech, has grown tremendously and is making its presence felt across the globe. The Singapore FinTech Consortium presents our slide deck: Introduction to Financial Inclusion in Southeast Asia to give you a preview of our research in the Southeast Asian landscape.
If you are keen to learn about P2P Lending, please view our slide deck at:
http://www.slideshare.net/SGFinTech/singapore-fin-tech-consortium-intro-to-p2p-lending
If you would like to receive a pdf copy of any of our slide decks, please drop us an email at info@singaporefintech.com and we'll be happy to oblige. For more information about us and our service offerings, please visit our company website at www.singaporefintech.com.
Opportunities for Rural Banks to Expand Microfinance Banking ServicesJohn Owens
This presentation was given during the Confederation of Southern Tagalog Rural Bankers Management Conference entitled "Gearing Up: Striking the Balance between Regulation and the Biz" on February 24, 2011. The overall theme was to explore new business opportunities that now exist in light of recent regulations in the Philippines. These new regulations will make it easier for rural banks to expand and offer new microfinance products and services in 2011.
Agent banking is one of the most popular financial services in the world where there are difficulties in accessing geographical locations easily. And that is why agent banking is very successful in Latin America & Africa. Other developed like United Kingdom, Australia etc. countries are also gradually deploying agent banking because it reduces the cost of operating of the bank. Most of the services of a bank can be provided through agents, thus people of remotest area of a country can be brought under proper financial structure by the virtue of agent banking. According to the agent banking guideline the software of any individual agent will be connected to the core software of the bank, so transactions that will take place in agent premises will be shown in the banking system real-time and those transactional statements can be used anywhere and everywhere for different purposes of the client.
The presentation outlines the factors that influence the financial behaviour of the poor across different regions. The presentation also discusses third generation MFIs and usage of No-frills accounts. The topic of e/m-banking is also covered at the end.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
2. We are…
Name ID
01 S. M. Nuruzzaman 1367
02 Md. Naymur Rahman 1916
03 Keya Rahman 1915
04 Jafrin Akter Juthi 1331
05 Mahabub Mursheed 1365
06 Tahin Akter 1333
Dept. of Finance & Banking (6th
Batch), Jahangirnagar University
3. Our Presentation On
Mobile Financial Services and
Opportunities and
Challenges of Agent Banking
in Bangladesh
4. Mobile Financial Services
Mobile Financial Services (MFS) popularly
known as ‘Mobile Banking’ is a service
provided by a bank or other financial
institution that allows its customers to
conduct financial transactions remotely
using a mobile device such as a mobile
phone.
5. Mobile Financial Services (Contd.)
It includes:
Disbursement of inward remittances,
Financial transactions through agent/ bank branch/ ATM/ mobile operator
outlet,
Payments of business organizations (such as utility bills) by individuals,
Payment of individuals by business organization (such as salary
distribution)
payment of individuals by government and Payments of government by
individuals
individual to individual transactions etc.
6. Purpose Of Mobile Financial
Services
To promote clear and rewarding consumer
experiences
To establish an environment where MFS transactions
are authorized, secure, and compliant with applicable
laws and industry guidelines and
To protect user privacy and financial data.
7. Status of Mobile Financial Services
in Bangladesh
SL Description Amount in July, 2018
1 No. of Banks currently providing the Services 18
2 No. of agents 840,196
3 No. of registered clients in Lac 640.49
4 No. of active accounts in Lac 305.78
5 No. of total transaction 192,464,578
6 Total transaction in taka(in crore BDT) 30,800.05
7 No. of daily average transaction 6,208,535
8 Average daily transaction (in crore BDT) 993.55
8. Services Provided By Mobile
Financial Services
Cash transfer service
Airtime top up
Salary payment
Payment collection
Merchant payment
Savings schemes etc.
9. Growth Of Mobile Financial
Services
MFS is now early stage of development
Providers are working to stabilize their technology, build
agent networks and acquire new customers.
This involves finding and training agents, marketing, helping
customers transact and acquiring customers by using
know‐your‐customer (KYC) and account opening processes.
New services are reaching multiple parts of Bangladesh and
that most clients and agents express cautious optimism
about mobile financial services being valuable to them.
10. Opportunities Of Mobile
Financial Services
Innovate new MFS products and services
Increase partnerships with MFI
Increase salary disbursement with less cost
11. Challenges Of Mobile Financial
Services
Fraud
Extortion and social crime
Challenges faced by customer
12. Guidelines Specific to Mobile
Banking and Mobile Payments
Authentication and Authorization
Banking and Payment Alerts; Transaction
Records
Limiting Liability for Unauthorized Transactions
13. General Guidelines
Disclosure of Terms; Disclaimers
Consent to Enrollment in MFS
Compliance with Laws and Regulations
Security of Data Transmissions
Access Controls and Security of Sensitive
Information
Fraud and Identity Theft Protection
14. Goals and Recommendations
Goals:
MFS as a commercially viable, safe and competitive banking
channel
Make more points of service available
Lower costs across the banking system
Potential to bring many un‐banked into the formal financial
sector
Raises productivity across the banking system
Wider economy
15. Goal and Recommendation
(Contd.)
Recommendations:
It is critical that Bangladesh Bank remain firm and send a
consistent signal that the overall regulatory structure it chose
in 2011 will remain inpl
Bangladesh Bank should actively promote greater
competition by facilitating entry of 2-4 additional serious
players.
Bangladesh Bank should seek market feedback from the full
range of players in a systematic manner.
16. Agent Banking
Agent Banking means providing limited scale banking
and financial services to the underserved population
through engaged agents under a valid agency
agreement, rather than a teller/ cashier.
It is the owner of an outlet who conducts banking
transactions on behalf of a bank.
17. Agent Banking Opportunities In
Bangladesh
Bangladesh has good mobile coverage, so data
connectivity is good
Huge unbanked population
Remittance receiving from outer countries is high
Government has to disburse huge amount of fund
every year to the rural population
Savings tendency of people
18. Challenges & Threats Of Agent
Banking In Bangladesh
For banks, maintaining service quality is tough
Insufficient volume of transactions
Lack of customer awareness
Power failure
Cash carrying or management risk
Physical and cyber security risk
Infrastructure development and coverage
Threat of robbery etc.