Merchants and digital payments in Bangladesh

• by Aakash Agarwal
• Feb 10, 2020
• 1 min

The micro and small merchants of Bangladesh can help ensure greater financial inclusion by accepting digital payments and using these funds to make further payments to their suppliers.

Micro and small merchants are the life-force of the Bangladeshi economy, which makes them the most important gateway to greater financial inclusion. When it comes to retail payments, cash is still the undisputed king. However, the need of the hour in Bangladesh is an ecosystem where the retailers can accept digital payments and use these funds to pay their suppliers. When retailers accept digital payments, it also encourages the customers to keep funds in their digital or mobile wallets.