Economics at your fingertips  


Md. Humayun Kabir, S.S.M. Sadrul Huda and Omar Faruq ()
Additional contact information
Omar Faruq: East West University, Bangladesh

Copernican Journal of Finance & Accounting, 2020, vol. 9, issue 3, 83-98

Abstract: Financial service is one of the significant finance areas, which can be regarded as the functions provided by organizations that operate in the finance industry. In this dynamic era of business, there has been notable progress in the innovation of various financial services. Financial services innovation can be termed as new ways and processes of providing financial services to customers. The recent development of mobile banking, short messaging service (SMS) banking, agent banking, internet banking, mobile money account are remarkable instances of financial services innovation in Bangladesh. This paper studies the present scenario of mobile financial services, regulatory framework, and prospects and challenges of Bangladesh. This study is a descriptive study where quantitative data has been collected from secondary sources. The study’s findings suggest that mobile financial services are accelerating in Bangladesh, but diversification of services is required to attain sustainable long-term growth. The concerned policymakers and practitioners’ can use the study to enhance mobile financial services in Bangladesh.

Keywords: Financial services innovation; mobile financial services; mobile banking; internet banking; financial inclusion; financial technology (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Copernican Journal of Finance & Accounting is currently edited by Leszek Dziawgo

More articles in Copernican Journal of Finance & Accounting from Uniwersytet Mikolaja Kopernika
Bibliographic data for series maintained by Miroslawa Buczynska ().

Page updated 2022-03-27
Handle: RePEc:cpn:umkcjf:v:9:y:2020:i:3:p:83-98