Dhaka, Nov. 8 -- Speakers at the Bangladesh Fintech Summit said about 60 per cent of mobile banking transactions in Bangladesh are made through feature phones, showing that simple devices still play a big role in financial inclusion.

They said digital banking is cutting costs and simplifying services, helping people access banking more easily and affordably.

The information came at the Bangladesh Fintech Summit, held on Saturday at a city hotel. The event was organised by the Bangladesh Brand Forum with support from Mastercard and Prime Bank PLC. This year's theme was "The Future of Fintech: Digital, Decentralised, Democratised."

Bangladesh Bank Governor Ahsan H. Mansur presented the Fintech Awards at the event. He praised local fintec...