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Ripple and Huawei sign MoU to deepen partnership in Bangladesh to drive financial inclusion

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  • Huawei and Ripple partner bKash signed an MoU to deepen their partnership in Bangladesh and drive financial inclusion in the country.
  • bKash provides mobile financial services to 68 million people in Bangladesh and Huawei powers its services with its digital finance solutions.

Huawei and Ripple partner bKash cooperate to Boost Financial Inclusion in Bangladesh Huawei and bKash, Bangladesh’s largest mobile payment operator, have agreed to deepen their partnership to drive financial inclusion and enable more people to participate in and benefit from the digital economy in the country. At the MoU signing ceremony, Kamal Quadir, Founder and CEO of bKash, highlighted the significance of the partnership, stating that the joint effort aims to drive financial inclusion and eliminate poverty for Sustainable Development Goals (SDGs) with innovative solutions.

Huawei’s digital finance solutions are already being used by over 400 million people worldwide, and it has deployed its platform across more than 30 markets in Asia and Africa. Since 2017, Huawei has been working closely with bKash in digitalizing its mobile financial services (MFS) with the leading Mobile Money platform, offering services such as e-wallet and Nano-loan, which have brought financial inclusion and innovation to local communities.

Pan Junfeng, President of Huawei South Asia Region & CEO of Huawei Bangladesh, said that the strengthened partnership between the two companies aims to drive digital inclusion in Bangladesh, empower and enable more people to seize the benefits of the digital economy for development, and set a remarkable example to other emerging market countries in the region.

Sarder M Asaduzzaman, Assistant Resident Representative of the United Nations Development Programme, highlighted the contribution of MFS in the development and in achieving the target of SDGs. Ms. Susan Vize, Officer-in-Charge of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Dhaka Office, emphasized that the Smart Fintech partnership is the vehicle that will drive Bangladesh towards achieving SDGs.

With bKash providing mobile financial services to 68 million people in Bangladesh, the partnership between bKash and Huawei will drive financial inclusion, which is crucial to the development of the country.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628