about digital

Overview

The government has led the charge in digitizing payments, resulting in a shift in government salaries, benefits, and subsidies towards digital payments. 100% of wage payments to employees are now digitized, up from 36% in 2016. Digitization of social safety net and wage payments for ready-made garment (RMG) workers led to the largest adoption of electronic payments. As of 2021, 12% of import and excise duty payments have been digitized, and 18% of B2B and 15% of person-to-government utility bill payments were made digitally. P2P payments using mobile financial services increased by 69% from FY 2018-19 to FY 2019-20. The use of formal channels for international remittances has grown from 11% in 2016 to 24% in 2021.

And the e-commerce market in the nation has grown dramatically in its inception period,  reaching US$2 billion in 2021, and is projected to reach US$3 billion by the end of 2023. When COVID-19 lockdowns were implemented nationwide, e-commerce witnessed a natural surge. Digital technology is now seeing a stratospheric increase in utilization, and the trend is expected to last into the future.

How we help

What Do We Do

Inspira ACL has been collaborating with several development organizations (Sesame Workshop Bangladesh, Bagdoom) over the years by preparing Investor Pitch Deck, conducting strategic research, brand health study and so on. In order to assist the organization in gaining the prospect of E-Commerce in Bangladesh, understanding future market potential and designing long-term plans according to that.

our insights

Industry Insights

Team

Our Experts

Mohammad Salman Rahman

Director & Partner

Hafsa Binth Yeahyea

Portfolio Manager

Md. Naushad Alam

Portfolio Lead

Mohammad Adnan Rahman

Portfolio Lead
services

Other Ways We Can Help

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