Bangladesh, Oct. 30 -- In Bangladesh's garment sector, digital wage payments expanded sharply after 2020. For workers who still need cash to pay rent and cover everyday expenses, receiving wages digitally does not eliminate the need to visit an agent and withdraw part of their wages in cash. It simply means they have to do so after receiving their wages. This highlights a broader problem with Bangladesh's digital finance boom. Mobile financial services (MFS) have reached a considerable share of the population, but people do not always have enough reason to keep using them for everyday transactions.Bangladesh Investment Guide

The scale of Bangladesh's digital finance boom is clear in the numbers. The value of mobile financial services (M...