Top 20 Private University in Bangladesh

International University of Business IUBAT 1991 8800 

Agriculture and Technology[49]
North South University[50] NSU 1992 20000
Independent University, Bangladesh[53] IUB 1993 7500 
American International University- AIUB 1994 10000 
Bangladesh[54]
Ahsanullah University of Science and AUST 1995 7000 
Technology[55]
East West University[58] EWU 1996 12000 
University of Asia Pacific (Bangladesh)[62] UAP 1996 5500 
BRAC University[66] BRAC 2001 9800
Daffodil International University[73] DIU 2002 20000 
Green University of Bangladesh[74] GUB 2002 5300 
Northern University, Bangladesh[77] NUB 2002 6300 
Southeast University[79] SEU 2002 10500 
Stamford University Bangladesh[80] SU 2002 8000 

State University of Bangladesh[81] SUB 2002 6500

University of Development UODA 2002 3800 
Alternative[82]
Bangladesh University of Business and BUBT 2003 8800 
Technology[83]
Eastern University, Bangladesh[84] EU 2003 4000 
United International University[91] UIU 2003 6500
University of Liberal Arts Bangladesh[98] ULAB 2004 4800 
    Total 165100

1. https://studybarta.com/private-university-ranking-bd/
 TOP 10 NGO in Bangladesh

No. of
No. of No. of
NGO Name Branche
Members Borrowers
s

ASA Bangladesh 2,959 7,843,960 6,794,853

Brac 2,144 6,120,107 5,535,452

BURO Bangladesh 712 1,449,085 999,496

TMSS 675 879,599 739,801

SFDW 386 521,449 471,010

SSS 331 588,377 490,032

JCF 327 459,649 398,303
UDDIPAN 307 448,851 334,536
Padakhep Manabik
296 357,543 316,579
Unnayan Kendra
18,668,62 16,080,06
Total 8,137 0 2
https://learnmicrofinance.com/2019/01/16/top-06-mfis-in-bangladesh/
In 2017 there were 58.6 million registered customers in total, however, only 23.1 million are
active. In 2018, mobile banking alone has been estimated to be generating 994 crores, or over
$188m in daily transactions. According to 2017 report, 37% of the population was financially
included through registered accounts with a full-service financial institution. However, this 5%
growth from 2016 is a result of an increase in registered accounts and decline in users of
microfinance and NBFIs, showing that greater financial inclusion through use of MFS has a
significant effect on other activities with the similar goals.

6. https://www.lightcastlebd.com/insights/2019/01/15/digital-financial-services-the-next-step

Moreover, compared to India and Pakistan, the DFI position of Bangladesh in terms of gender
and income (poorest 40 percent) equality is very remarkable that shows how fast Bangladesh
is stepping up towards DFI.
5. https://tbsnews.net/opinion/digital-finance-way-forward-banking-stability-bangladesh-39257

The cost of MFS is by far the most important priority for customers, with 91% of MFS users
and 88% of non-users ranking ‘low transaction costs’ at the top.
A majority of respondents were interested in using MFS for
Bill payments (77%),
Savings (76%),
Airtime top-ups (70%),
Education fee payments (60%), and
Merchant payments (55%).
Borrowing was happening through family members (46% for staff and 64% for beneficiaries)
and Friends (48% for staff and 39% for beneficiaries). Less than 25% of USAID IP staff borrowed
from a traditional bank or MFI. Among beneficiaries, 24% borrowed from a traditional bank
and 32% from an MFI. 71% of MFS users live within one kilometer of an agent, compared to
just 41% of those who live that close to a bank branch. People with both bank and MFS
accounts are generally using the two accounts in similar ways.
4.
https://www.findevgateway.org/sites/default/files/publications/files/mobile_financial_services_in_banglades
h_a_survey_of_current_services_regulations_and_usage_in_select_usaid_projects_0.pdf

Current context: Bangladesh

Bangladesh has already achieved 37% the availability and equality of opportunities to access
financial services by 2018 compared to 16% in 2011. Low cost, easy accessibility and
convenience of MFS has vastly contributed to the financial inclusion of the country’s
“unbanked population” – reaching places & people far better than banks.

 MFS in Bangladesh at a glance:

– 18 active MFS operator

– 67.5 million registered subscriber

– 37.3 million Active subscriber

– 3,820 million USD total transaction/month

– 210 Million number of transaction/month

2. http://www.fintechbd.com/dfs-an-ecosystem-for-the-next-phase-of-fintech-transformation/

Bkash have 30 million registered accounts

https://www.bkash.com/about/company-profile

WHAT WE DO
We do not own tobacco farms, but we provide agronomy support through
our extensive services. The Company’s Leaf function starts with the hard
work of around 38,000 registered farmers within the village community.

2.3 Million Retailers

Approximately 1,350,000 more members, including farmers, distributors, suppliers and
retailers

https://www.thedailystar.net/business/news/mfs-reach-widens-1693450
https://www.bb.org.bd/fnansys/paymentsys/mfsdata.php

Introduction
The mobile wallet market in Bangladesh is likely to gain momentum in 2019 as a global report forecasts its
growth to USD 250 billion by 2024 from over USD 100 billion in 2017, according to experts.
Mobile Financial Service (MFS) experts said the size of the mobile wallet market was expected to increase at a
30 per cent compound annual growth rate (CAGR), while it is 15 per cent around the globe.
It suggests that the growth is influenced by attractive discounts and cashback offers by mobile wallet
providers. The digital financial services (DFS) landscape of Bangladesh evolved multifold in 2019. This can be
traced to the efforts of the government, the banking regulator, and policymakers in Bangladesh. As of
December, 2019, the country had 971,000 MFS agents who, on average, conducted 7.33 million daily
transactions worth USD 156 million. Bangladesh has a total of 11,320 agent banking outlets and these agents
have to invest around BDT 150,000-200,000 (~USD 2000) to start an agent banking outlet that serve 5.26
million customers. At present, 16 companies offer mobile financial services and 21 banks offer agent banking
services. In addition, nearly 92% of the population now live within 5km of a financial sector access point.

The Future Outlook for 2020:

Another area, or rather, organization that will demand the focus of Bangladesh Bank in 2020 is Nagad, the
digital financial service of Bangladesh Post Office (BPO).The MFS service has already picked a significant
market share by registering more than 10 million wallets and 130,000 agents across the country within the
first nine months of its commercial operation. BB may want to work with BPO to ensure that the MFS players
and Nagad remain competitive within a level playing field of market operations.
Finally, the initiative of Bangladesh Bank that allows non-bank entities to set up "White Label ATMs
(WLAs)"and point-of-sale (POS) terminals is worth mentioning. As per the World Bank data from 2017, with
8.07 ATMs per 100,000 people, Bangladesh ranked the lowest in terms of the density of ATMs against the size
of the adult population. This is in contrast to China, India, and Pakistan with 81.45, 22.07, and 10.44 ATMs per
100,000 people, respectively. These entities will operate under the payment system operator (PSO) license, as
of September, 2019. At present, only three PSOs are operational in Bangladesh, as per a report from
Bangladesh Bank. We believe this move will encourage the participation of the private sector in the financial
services market.
Given that around 50 per cent of its population remain unbanked, Bangladesh will need to take policy
decisions to push the service providers further in 2020. Analyst believes that the key focus areas for
Bangladesh Bank shall be to push for technological disruption, expand its work in e-KYC, tailor the design of
products and services for women, and utilize the potential of agent banking.

3. https://thefinancialexpress.com.bd/views/the-dfs-ecosystem-in-bangladesh-1584113440

MFS Compared to Other Online Delivery Channels

At the end of 2011 MFSs started in Bangladesh. A comparison of volume of transactions of different online
delivery channels since 2011 to 2015 is shown in the following figure. It is clearly seen that mobile banking
growth crossed all delivery channels.
http://www.fintechbd.com/an-exploration-of-the-booming-mobile-banking-market-in-bangladesh/

Executive Summary: Digital Financial Services (DFS), enabled by fintech, has the potential to lower costs,
increase speed, security and transparency and allow for more tailored financial services that serve the poor at
scale. DFS are characterized by low marginal costs and greater transparency. They can respond to both the
supply side barriers to access to financial services, such as high operating costs, limited competition, as well as
the demand-side barriers, including volatile and small incomes for the poor, lack of ID, trust and formality and
geographical barriers. Mobile money has leveraged high mobile phone penetration in many developing
countries to deliver a ‘first wave’ of DFS. Today, there are over 850 million registered mobile money accounts
across 90 countries, with USD $1.3 billion transacted via these accounts per day. Sub-Saharan Africa has
shown itself to be a leader in mobile money, with 21 percent of the adult population having a mobile money
account. Sub-Saharan Africa has also shown that these accounts can provide a basis for more sophisticated
financial services, such as digital lending and insurance. The current Covid-19 pandemic has amplified the
benefits of expanding DFS, because it significantly reduces the need for physical contact in retail and financial
transactions and helps government respond more quickly to extend liquidity to firms and people most at risk.
DFS - particularly through the use of mobile money - permit remote payments and transactions, enabling the
social distancing recommended to reduce contagion. Through electronic payments, consumers can transfer
funds, pay bills and pay for goods and services from their home, or in a market or store setting, with limited
physical contact. DFS enable a rapid, secure way for governments to reach vulnerable people with social
transfers and other forms of financial assistance, especially during times when transportation and movement
around the country is unsafe or limited. Before the current crisis, it was clear that two use-cases for DFS
beyond mobile money—remittances and Government-to-Person (G2P) payments—were particularly beneficial
for the poor. Cross-border remittances had been projected to exceed USD $600 billion—more than all FDI and
ODA combined—by 2021.

1. http://pubdocs.worldbank.org/en/230281588169110691/Digital-Financial-Services.pdf