Open Banking in Bangladesh

Planned

Bangladesh is exploring open banking through Bangladesh Bank, aiming to leverage mobile financial services and digital transformation for financial inclusion.

Key Facts

Approach

Regulated

Regulatory Body

Bangladesh Bank

Topics

Open Banking

Data Scope

Banking data, Mobile financial services

Timeline

2023Bangladesh Bank explores open banking as part of financial inclusion and digital transformation strategy

Open Finance in Bangladesh

Bangladesh is in early planning stages for open banking under Bangladesh Bank. The country has seen rapid growth in mobile financial services through providers like bKash, Nagad, and Rocket. Open banking development would aim to create interoperability between these mobile financial services and traditional banks, supporting the government's vision for a Digital Bangladesh and expanding financial inclusion for a large population.

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