Mobile Money in Bangladesh

Abstract

This paper briefly looks at the use of mobile money in a selected non-urban area of Bangladesh. The use of mobile technology for monetary transactions is gaining prominence in Bangladesh. Some mobile phone operators along with designated banks have started to offer mobile banking services, and the Bangladesh Post Office has also joined this trend. A survey was conducted using a questionnaire containing open and close-ended questions regarding selected aspects of mobile banking. The survey results have shown that the residents of the study site use mobile money for a variety of transactions related to the personal and professional lives. However the results cannot be generalized to the whole of the nation since the survey was carried out at one study site. There is a scope to replicate the survey in other parts of the country to obtain a more complete picture of the mobile banking scenario in the country.

Keywords: Mobile Money, Mobile Banking, Currency, Bangladesh