Bangladesh Bank approves eight digital banking licenses
Bangladesh Bank issued Digital banking license approval affecting Nagad Digital Bank, Kori Digital Bank, bKash Digital Bank, DG-10 Bank, DigiAll, Smart Digital Bank, Japan-Bangla Digital Bank, North East Digital Bank on October 22, 2023.
- Primary
- Bangladesh Bank
- Counterparty
- Nagad Digital Bank, Kori Digital Bank, bKash Digital Bank, DG-10 Bank, DigiAll, Smart Digital Bank, Japan-Bangla Digital Bank, North East Digital Bank
- Structure
- Digital banking license approval
- Date
- October 22, 2023
- Sub-sector
- Neobank
Bangladesh Bank approved eight digital banks to advance its Smart Bangladesh Vision 2041 targeting 75% digital transactions by 2027 and expanding financial inclusion.
Source: internationalbanker.com