Dhaka, May 4 -- Rodela Hasan, a private-sector employee in the capital, once believed that saving for her son's school admission would be a difficult task. With a demanding work schedule and Dhaka's notorious traffic, the traditional process of visiting a bank to open an account or deposit instalments in a savings scheme felt burdensome.

Her outlook changed when a friend introduced her to digital savings through the bKash app. After exploring the option, Rodela opened a DPS account with a bank directly via the app in under a minute-without any paperwork or the need to visit a branch.

Rodela is now among millions of savers turning to digital platforms. Over the past four years, more than 6 million weekly and monthly DPS accounts have bee...