Problems and prospects of mobile banking in Bangladesh

The main objective of the study is to find out the problem and prospect of mobile banking in Bangladesh. For this research primary data were used. This study adopts with descriptive in nature. Total respondents were 120 within that 61 % respondents think it saves time than traditional banking, the highest number of respondents use mobile banking for Air-time top-up service, that is 21%, out of 120 respondents 56% replied it is less costlier than traditional banking, 100% respondents did agree that it is speedy, and 38% respondents are upper class. Although this concept is new in Bangladesh but its potentiality is high. From this research, other researchers and policy makers will get an insight about the problems and prospects of mobile banking in Bangladesh. Key words: Problem, prospect, Mobile banking

Mobile Banking is a New Dimension in Banking System of Bangladesh: A Case Study on DBBL and bKash

This study is an earnest effort to find out the potentiality of mobile banking to provide basic banking services to the vast majority of unbanked people. This study is an exploratory research based on primary dat from field as well as secondary data from various publications, adopted with descriptive in nature. Research was gone through over 120 respondents focusing the point of using the mobile in banking, its safety, speedyness, cost, service nature, and of user class. Of two Mobile banking Bank, DBBL and BRAC’s subsidiary bKash, 120  respondents were selected for information acquiring.  61 % respondents think it saves time than traditional banking, the highest number of respondents use mobile banking for ‘fund transfer ’ service, that is 22%,. Out of 120 respondents 56%  replied it is less costlier than traditional banking, 100% respondents did agree that it is speedy, and 38% respondents are of upper class. Although this concept is new in Bangladesh but its potentiality is high due to handset availability and convenience. From this research, other researchers and policy makers will get an insight about the problems and prospects of mobile banking in Bangladesh.

The impact of mfinance initiatives in the global south: a review of the literature

After more than two decades of research on technological interventions in the transition to information societies, the burgeoning of mobile phones in developing countries has shifted the information and communication technologies for development (ICT4D) research lens to the different domains of mDevelopment. While advances have been made in domains of mHealth, mGovernment, mBusiness and mEducation, mFinance initiatives have had impressive adoption upon implementation in certain geographic locations. Services such as M-Pesa have been widely reported in the mainstream press and form the test beds for various scholarly investigations

Towards an M-banking framework for rural SMEs in Bangladesh

This research aims at discovering factors which impact on the intention of rural SME owners and managers to adopt m-banking in Bangladesh. Over the last ten years, a wide spectrum of mbanking frameworks has emerged that offers new insights into the adoption and acceptance of mbanking. However, m-banking has still not been extended to rural Bangladesh. To fill the gap this research surveyed 550 SMEs owners/managers in four rural villages. The result indicates that poor banking facilities, cost, credibility, gender, education and SME category are the main factors that significantly influence the intention to adopt m-banking. The analysis introduces three factors which have been largely overlooked in prior literature. The study broadens our understanding of m-banking and provides insights into developing m-banking strategies in Bangladesh. This research will be of potential value in accelerating the development of m-banking in Bangladesh

Product Innovations on Mobile Money

We conduct a thorough review of the state of product development and innovation on mobile money platforms. It is, in effect, a first-of-its-kind catalog of products and services that have been rolled out, are being piloted or have been proposed. In each case we discuss the specific functionalities they entail, or how they build on the basic mobile money rails. Keywords: mobile money, mobile payments, financial inclusion, electronic money, electronic payment

Fighting Poverty, Profitably: Transforming the Economics of Payments to Build Sustainable, Inclusive Financial Systems

The Gates Foundation's Financial Services for the Poor program (FSP) believes that effective financial services are paramount in the fight against poverty. Nonetheless, today more than 2 billion people live outside the formal financial sector. Increasing their access to high quality, affordable financial services will accelerate the well-being of households, communities, and economies in the developing world. One of the most promising ways to deliver these financial services to the poor -- profitably and at scale -- is by using digital payment platforms.These are the conclusions we have reached as the result of extensive research in pursuit of one of the Foundation's primary missions: to give the world's poorest people the chance to lift themselves out of hunger and extreme poverty.FSP conducted this research because we believe that there is a gap in the fact base and understanding of how payment systems can extend digital services to low income consumers in developing markets. This is a complex topic, with fragmented information and a high degree of country-by-country variability. A complete view across the entire payment system has been missing, limiting how system providers, policy makers, and regulators (groups we refer to collectively as financial inclusion stakeholders) evaluate decisions and take actions. With a holistic view of the payment system, we believe that interventions can have higher impact, and stakeholders can better understand and address the ripple effects that changes to one part of the system can have. In this report, we focus on the economics of payment systems to understand how they can be transformed to serve poor people in a way that is profitable and sustainable in aggregate

Reliable OSPM schema for secure transaction using mobile agent in micropayment system

The paper introduces a novel offline payment system in mobile commerce using the case study of micro-payments. The present paper is an extension version of our prior study addressing on implication of secure micropayment system deploying process oriented structural design in mobile network. The previous system has broad utilization of SPKI and hash chaining to furnish reliable and secure offline transaction in mobile commerce. However, the current work has attempted to provide much more light weight secure offline payment system in micro-payments by designing a new schema termed as Offline Secure Payment in Mobile Commerce (OSPM). The empirical operation are carried out on three types of transaction process considering maximum scenario of real time offline cases. Therefore, the current idea introduces two new parameters i.e. mobile agent and mobile token that can ensure better security and comparatively less network overhead

Determining the dynamic co-diffusion of four e-services using country-level panel data

Motivated by the slow diffusion of e-services in many countries in the world, and Rogers’ call for researching related innovation as a cluster, this study investigates the co-diffusion among e-services. To our knowledge this study is the first to examine the co-diffusion effects among e-services. It extends prior studies from the e-services diffusion literature, and the technology co-diffusion literature by examining co-diffusion among four e-services; e-banking, e-shopping, e-government, and e-learning. It also examined the co-diffusion mediation effects, moderation effects, and country-level factors’ effects. Using panel data of 28 European countries, and applying dynamic GMM econometric technique, this study’s findings were supporting the suggested hypotheses. The findings are discussed, and the conclusions, significant theoretical and practical implications of the findings, limitations, and recommendations for future research are presented