A great start for the i3 Program Bangladesh!
flagged off the i3 program in Bangladesh at a country launch event in the capital city of Dhaka. The 36-month program receives support from the MetLife Foundation
, with MicroSave
as the implementer. The i3 program stands for Innovate, Implement, Impact, and aims to bring meaningful financial inclusion in Bangladesh. The initiative seeks to utilize digital technology and uncover the needs, aspirations, and behaviors of low- and moderate-income (LMI) people. The i3 Program will work closely with implementation partners to improve the financial health of LMIs – through interventions at both demand- and supply-sides. The program expects to reach out to 250,000 direct beneficiaries in Bangladesh. Around 2 million indirect beneficiaries are expected to subsequently benefit from to the program initiatives.
The launch event saw attendance from more than 100+ industry experts, including regulators, banks, microfinance institutions, mobile financial service providers, and FinTechs. The Minister of Post, Telecommunication and Information Technology, Mr. Mustafa Jabbar graced the occasion as chief guest. Mr. Syed Almas Kabir, President of BASIS, and Mr. Syed Hammadul Karim, General Manager – Bangladesh, MetLife were also present as special guests.
Speaking at the event, Mr. Jabbar said, “Bangladesh is now a role model for the world—in terms of using digital services to improve the lives of ordinary people.” He also explained that Bangladesh’s biggest challenge is to build proper infrastructure for the mobile financial service (MFS) system. He noted, “I can say with pride that by June of 2019, every single Union Parishad of Bangladesh will be able to enjoy fiber optic connectivity.” He hopes that everyone in the country would have access to mobile internet in the days to come.
Mr. Karim from MetLife
said, “Bangladesh is looking for innovative solutions to address the challenge of financial health for low-income Bangladeshis. I am proud to say that at MetLife Foundation
we are well-aligned with the priority of the Bangladesh government to improve the financial health of low- to moderate-income people. The i3 program, which focusses on digital transformation, is a brilliant example of that. We hope to create a positive impact on the lives of 2 million people in Bangladesh through this initiative.”
Introducing MicroSave’s endeavors under the i3 program, Mr. Manoj Sharma, Regional Director, Asia, MicroSave, gave a keynote presentation at the launch. He noted, “Basic access to banking services and products still remains a challenge in Bangladesh. Through this program, MicroSave is trying to bridge the gap between the low- and moderate-income segment and basic financial services.”
A major highlight of the event was a panel discussion with influencers from the digital financial space. The panel discussion session was moderated by MicroSave Associate Director Anil Kumar Gupta and comprised the top brass from Banks, MFIs, FinTechs, payment service providers and regulators. The panelists emphasized the importance of interoperability and digital know-your-customer (e-KYC).
The event provided a great opportunity for liaising with multi-level stakeholders. The insights and lessons from the event will be helpful for the program management team and the interested financial service providers and FinTechs to factor in for their future endeavors.
Please see the live coverage of the entire event here. For more details visit i3 Program website or contact us at – firstname.lastname@example.org
Nearly 15 Print and 25 Digital mediums published news articles based on the event. Follow some of the news items mentioned below -
i3 Program set to launch in Bangladesh to enhance financial inclusion
is all set to unveil the much-awaited i3 program in Bangladesh at a grand country launch on 24th September, 2018 at Pan Pacific Sonargaon, Dhaka, Bangladesh. The i3 is a 36-month program that will focus on working with implementation partners in Bangladesh, China, Malaysia, and Vietnam. The program is funded by the MetLife Foundation and implemented in Bangladesh and Vietnam by MicroSave and in China and Malaysia by UNCDF.
The launch event will be held in the capital city of Dhaka, with expected participation from 100+ industry experts, including regulators, banks, microfinance institutions, mobile financial service providers, and FinTechs. The Minister of Post, Telecommunication and Information Technology, Mr. Mustafa Jabbar will be present at the event as chief guest, alongside special guests Mr. Syed Almas Kabir, President of BASIS, and Mr. Syed Hammadul Karim, General Manager – Bangladesh, MetLife.
The i3 program stands for Innovate, Implement, Impact, and aims to bring meaningful financial inclusion in Bangladesh. Despite impressive recent macroeconomic growth in Bangladesh, lack of financial inclusion continues to be a substantial problem and has a particularly severe impact on the low- and middle-income (LMIs) customer segments in these geographies. The initiative seeks to utilize digital technology and uncover the needs, aspirations, and behaviors of low- and moderate-income (LMI) people. The program will work with implementation partners and expects to reach out to 250,000 direct beneficiaries in Bangladesh. We expect that 2 million indirect beneficiaries will subsequently benefit from the program initiatives.
The launch event will be a great opportunity to introduce the program to multi-level stakeholders in the country and liaise with current and potential program partners. The event will feature speeches by the chief guest, special guests, and MicroSave
senior management, followed by perspectives from program partners. Finally, a panel discussion will round off the program, with participation from key stakeholders from the industry. Join us in making the launch event a resounding success! Stay tuned and follow us on social media using #i3Program #i3Bangladesh #FinTech4LMI #FinTech4Finclusion. Please do watch our curtain raiser video for the event here.