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Dhaka Tribune

Financial institutions urged to provide better services to women

The call comes at a workshop on delivering digital financial services to women

Update : 23 Oct 2018, 05:57 PM

The deputy governor of the Bangladesh Bank has said that the financial institutions of the country need to change their mentality to provide better services to women at the root level.

“To provide service to women at the root level, it is prerequisite to that different Bank, MFS, Fintech companies need to change their mentality by introducing new financial products and services as well as re-design their existing ones,” SM Moniurzzaman said on Tuesday. 

His remarks came during a workshop, titled “Making Finance Work for Women,” aimed at addressing the issue of delivering digital financial services to women, which was held at the Hotel Purbani International in Dhaka, according to a press release.

The workshop was jointly organized by the Prime Minister’s Office’s Access to Information (a2i) program, SHIFT program of UNCDF and Women’s World Banking, with support from the Bill and Melinda Gates Foundation. 

“It is imperative that we solve the increasing gender gap in financial inclusion in order to see a more secure and prosperous future for women, their families and the community.” said Anna Gincherman, vice president for Strategic Partnerships at Women's World Banking, who moderated the workshop.

She said that more sustainable solutions to reach low-income women could be created by bringing together committed stakeholders and establishing cooperation.

Program Manager of a2i’s Digital Financial Service (DFS) Lab Md Tohurul Hasan said that although Bangladesh made significant progress in different aspects/indicators of financial inclusion in recent years, an inclusive financial ecosystem cannot be built without the participation of the women.

He added: “So, it is fundamental, in every circumstance, for us to find way by collaborating partnership with both public and private sector to ensure women’s participation at large scale in digital financial services.”

The press release also said that the a2i program has been relentlessly working to build an inclusive financial ecosystem by catalyzing digital payment systems. By linking financial service providers with financial inclusion experts, its DFS Lab connects the low-income community with accessible and affordable financial services.

a2i is also playing a fundamental role on digitizing large G2P payments and piloting innovative, digital means of delivery.

Tuesday’s event was also attended and addressed by, among others, Trust Bank Limited Additional Managing Director Humaira Azam, Dutch-Bangla Bank Limited Managing Director Abul Kashem Md Shirin and Bangladesh Women Chamber of Commerce President Selima Ahmad.

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