Bank Asia Limited provides banking services through over 1,250 agent points across Bangladesh, serving over 220,000 customers in rural areas. The document discusses Bank Asia's agent banking model and opportunities to facilitate virtual social safety net payments for Bangladesh's 143 social programs serving over 18.5 million recipients annually. By opening bank accounts for beneficiaries and making virtual deposits, Bank Asia can increase financial inclusion while saving the government $146 million per year in payment costs. The agent banking model and new payment gateway can strengthen Bank Asia's competitive position and contribute to UN Sustainable Development Goals.

1. Bank Asia LimitedBank Asia Limited
Touching People’s Lives through
Financial Inclusion, Quality Service & Innovative Products
25th
August, 2017
For A Better Tomorrow

2. Page  2
For A Better Tomorrow
162 million population
- 66% rural,
- 47% labor force employed in ag
Financial access (as of 2014)
- 31% had formal account
- 7% had formal savings
- 10% had formal credit but 48%
have borrowed money
In Bangladesh, only 19% of bank
account holders have a bank
branch within one kilometer
BANGLADESH FAST FACTS

3. Page  3
Social Safety Net Programs in Bangladesh (2016-17)
143
No. of Programs:
2.31%
As % of GDP:
13.28%
% to Budget:
Source: http://www.thedailystar.net/business/safety-net-outlay-go-16pc-1232638, http://www.dhakatribune.com/business/economy/2017/06/01/govt-widen-social-safety-net/,
a2i, Department of Social services, CGAP, pi Strategy consulting
USD 5,650
Million+
Yearly Budget:
8.5~11.5%
Operating Cost:
18.5
Million+
Recipients from
Major 5 Programs:

4. Page  4
Social Safety Net Programs in Bangladesh
Source: http://www.thedailystar.net/business/safety-net-outlay-go-16pc-1232638, http://www.dhakatribune.com/business/economy/2017/06/01/govt-widen-social-safety-net/,
a2i, Department of Social services, CGAP, pi Strategy consulting
About 38% beneficiaries need to take someone while receiving allowance.
Most of the beneficiaries prefer to receive allowances in every 6 months or more
than that as sometimes their cost of receiving allowances becomes similar to the
amount.
50% of the beneficiaries have no education.
21% of the beneficiaries do not have mobile phone.
By digitizing major social transfers, Bangladesh could save $146 million annually.

5. Page  5
Social Safety Net Programs in Bangladesh
According to Department of Social Services and a2i study, perspective of beneficiaries with social safety net:

6. Page  6
Bank Asia Agent Banking Concept
 Agent Banking means
providing Banking services to
the Bank customers through
the engaged agents under a
valid agency agreements,
rather than Teller/ Cashier.
 Agent is the owner of an
outlet who conducts Banking
Transactions on behalf of the
Concerned Bank.

7. 1,250+agent points
220K+220K+customers
5555districts
Agent Banking Network Outreach

8. Model Features
Bio-authentication
Instant
notification
System generated
receipt & SMS Alert
Real time
transaction
Bank Asia Agent Banking

9. Social Safety Net Payment
Account opening of social safety net beneficiaries

10. Our Opport uni t y ( 1)
Trust ed Brands
St rong Fi nanci al Incl usi on Experi ence
Large part nershi p net works

11. Our Opport uni t y ( 2)
Ongoi ng Fi nanci al I ncl usi on
Pr oj ect s
Dedi cat ed UNDP Soci al Secur i t y
Pol i cy Suppor t Pr oj ect
St r ong Gover nment Rel at i onshi ps
Ongoi ng Fi nanci al I ncl usi on
Pr oj ect s
I nnovat i ve Payment Gat eway
Pr oduct
Oppor t uni t y t o co- desi gn sol ut i on

12. Bank Asi a wi l l add val ue by
f aci l i t at i ng Vi rt ual Soci al
Saf et y Net Payment s
Vi rt ual Soci al Saf et y Payment s
Incent i ve t o open f i rst Bank Account
“ Gl obal [ vi r t ual ] gover nment t r ansf er s …can i ncr ease t he
number of adul t s wi t h an account by up t o 160 mi l l i on” -
Wo r l d Ba nk, 2 0 1 5
Recei ve Vi rt ual
Deposi t
Vi rt ual l y Transf er Funds
accordi ng t o Benef i ci ary
Li st
Open Bank Account
Government

13. Bank Asi a’ s new Payment Gat eway
st rengt hens compet i t i ve
posi t i oni ng
“Mobi l e ATM” provi ders coul d
i ncl ude:
Vol unt eer s
Shopkeeper s
UDC Ent r epr eneur s
“Mobi l e ATM” servi ces coul d
i ncl ude
Cash wi t hdr awal
Poi nt - of - Sal e Tr ansact i ons
Mi cr o- cr edi t di sbur sement

14. Contribution to UN SDGs
Financial literacy to underserved > Growing ability
to manage money > Encourage better planning
and savings > Avoiding financial disaster >> Ensure
sustainable livelihood
Access to finance > Empowering citizens > More
control over financial decisions > timely investment
>> Boost productivity/profitability
Women receives wellbeing in bank account >
Increase control over finance > Increase influence
on decision-making >> Empowering women

15. Contribution to UN SDGs
Entrepreneurship development for social safety net
payments > Growing labor force > Influences citizens’
productivity (GDP per worker) >> Sustainable
economic growth
DFS innovations > technological advances > New skill
for citizens > Changing financial behavior >> Stronger
economy
PPP for social safety net payments > Access to target
market > Meet shared vision and shared goal >>
Synergies competitive advancement

16. Q&A

17. Md. Arfan Ali
The President & Managing Director
Bank Asia Limited
arfan@bankasia-bd.com
Learn more
To know more about Bank Asia agent
banking, visit at: http://www.bankasia-
bd.com/agentbanking/home/agent_banking
_model
Contact