INPUT COMPANY
OPPORTUNITIES FOR DIGITAL FINANCIAL SERVICES IN THE RICE VALUE CHAIN IN BANGLADESH
This infographic was developed as part of the Mobile Solutions Technical Assistance and Research (mSTAR) project (Award #: AID-OAA-A-12-00073). The views expressed here do not necessarily reflect the views of the U.S. Agency for International Development or the U.S. Government.
Payment Flow TYPES OF MOBILE FINANCIAL SERVICES ACCOUNTS
PRIMARY
ALTERNATIVE
PRIMARY
ALTERNATIVE
Mobile
KEYNOTE
Bank
DISCLAIMER
Payments for input purchases can be done remotely via mobile
Electronic bank
transfers can also be used
Electronic bank
transfers can also be used
Corporate business agent account or collection account Agent
account
Collectionaccount
Payments for input purchases can be done remotely via mobile
Payments for input purchases can be made via mobile
Payment via card or
biometric authentication
may also be possible
Payments for input purchases can be made via mobile
Dues owed to farmers after initial payment can be paid remotely via mobile
Remaining payments can be made remotely by cashing into the collector's MFS account
Dues owed to farmers after initial payment can be made remotely by cashing into their MFS account
INPUT DEALERS MILLERS
COLLECTORS
Due to large transaction sizes, electronic bank transfers are preferable
Urgent, small value
payments can be made
via mobile
Due to large transaction sizes, electronic bank transfers are preferable
Due to large transaction
sizes, electronic bank transfers are preferable
Electronic bank transfers can be
used for initial and remaining
payments
Due to large transaction sizes, electronic bank transfers are preferable
Due to large transaction
sizes, electronic bank transfers are preferable
Mobile can be used as an
alternate option to settle smaller payments on
demand Mobile can be used as an alternate option to settle smaller payments on demand
COMMISSION AGENTS WHOLESALERS
FARMERS
Payments for input purchases can be done remotely via mobile
LARGE SCALE TRADERS
Due to large transaction sizes, electronic bank transfers are preferable
Due to large transaction sizes, electronic bank transfers are preferable
COMMODITY RETAILERS
Electronic bank
transfers can also be used
INPUT RETAILERS
PERSONAL COLLECTIONACCOUNT
CORPORATEBUSINESSAGENT
MERCHANTAGENT
Personalaccount
Merchant account
Personalaccount
Personalaccount
Personalaccount
Personalaccount
Personalaccount
This infographic was informed by an assessment mSTAR/Bangladesh did for IRRI looking specifically at opportunities for mobile financial services (MFS) in the rice value chain. We have expanded those recommendations here to focus more broadly on digital financial services, including internet and agent banking, which are captured under the Bank payment flow. While, many of the transactions presented below are currently being made in cash, this infographic presents a vision for what digitizing those payments might look like.
Payment via card or
biometric authentication
may also be possible
For any actors that will be making both bank and mobile payments, it is important that those accounts are interoperable, so that they can easily make transfers between their MFS and bank account. Not all financial service providers offer this feature.
