The collaboration aims to support Sustainable Development Goals and empower millions of unbanked citizens.
Shenzhen, China – Huawei Technologies Co., Ltd., a leading global information and communications technology (ICT) provider, and bKash Limited, Bangladesh’s largest mobile financial services provider, have announced an expansion of their partnership to deepen financial inclusion in Bangladesh.
The strengthened collaboration aims to support the United Nations’ Sustainable Development Goals (SDGs) and empower millions of unbanked and underbanked citizens in the country.
With over 1.7 billion people worldwide lacking access to basic financial services, the partnership between Huawei and bKash is poised to make a significant impact on financial inclusion in Bangladesh.
The collaboration will leverage Huawei’s cutting-edge technologies and bKash’s extensive customer base to provide affordable and user-friendly digital financial services to millions of people.
Huawei and bKash will focus on the following key areas to deepen financial inclusion in Bangladesh:
- Expanding access to affordable digital financial services for unbanked and underbanked populations.
- Promoting financial literacy and awareness among these communities.
- Encouraging the development of innovative financial products and services tailored to the unique needs of the target demographics.
- Partnering with the government, regulators, and other stakeholders to create an enabling environment for financial inclusion.
As part of the collaboration, Huawei will provide bKash with state-of-the-art technology solutions, including cloud computing, artificial intelligence (AI), and blockchain technologies.
These solutions will enable bKash to develop and scale its digital financial services, ensuring that they are secure, reliable, and accessible to the widest possible audience.
bKash, which currently serves over 45 million customers in Bangladesh, will leverage its extensive network to expand the reach of its digital financial services. The company will also focus on promoting financial literacy and awareness among its customers, helping them to make informed decisions about their financial lives.
The partnership between Huawei and bKash has already started to bear fruit, with several joint projects underway to develop new products and services. One such project is the development of a digital savings platform, which will enable bKash customers to easily save money and earn interest on their deposits.
The collaboration between Huawei and bKash is expected to have far-reaching implications for financial inclusion in Bangladesh, a country where more than 50% of adults still lack access to formal financial services.
By providing millions of people with access to essential financial services, the partnership will contribute to the achievement of several SDGs, including those related to poverty reduction, economic growth, and gender equality.
In addition to its work in Bangladesh, Huawei is actively pursuing financial inclusion initiatives in other countries, leveraging its technological expertise and resources to empower millions of unbanked and underbanked individuals worldwide.
The company’s commitment to financial inclusion is part of a broader strategy to use technology to address pressing social issues and promote sustainable development around the world.
As the partnership between Huawei and bKash continues to deepen, there is significant potential for positive change in the lives of millions of Bangladeshis. By working together to promote financial inclusion and develop innovative financial services, these two companies are making important strides toward a more inclusive and prosperous future.
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