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Commodity Retailer Commission Agent Input Dealer Commodity Wholesaler Commodity Collector Input Retailer Smallholder Farmer Digital Financial Services for Agriculture: Opportunities in Bangladesh Use cash Mostly use cash, occasional bank transfers Mix of digital and cash payments High ownership and use of mobile phones Cash flow Savings/credit opportunities Transaction opportunities Most have bank accounts Formal financial service access is mixed Low use of formal financial services Savings/credit opportunities • Tailored savings products • SME loan facility with seasonal flexibility Savings/credit opportunities • Tailored savings products • Working capital or SME loan facility with seasonal flexibility Savings/credit opportunities • Tailored savings products • Working or SME loan facility with seasonal flexibility Savings/credit opportunities • Tailored savings products • SME loan facility with seasonal flexibility Savings/credit opportunities • Tailored savings products • Working capital or SME loan facility with seasonal flexibility Savings/credit opportunities • Goal-based savings scheme • Micro-credit with flexible repayment and affordable interest rate Savings/credit opportunities • Tailored savings products • Working capital loan facility with seasonal flexibility KEY School/ College (fees) Insurance providers Family and friends Laborers Land owners Other payment types (e.g. merchants, utilities, bills) DISCLAIMER: This document is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The views expressed here do not necessarily reflect the views of the U.S. Agency for International Development or the U.S. Government. mSTAR offers on-demand technical assistance to support USAID implementing partners and DFS providers in Bangladesh to introduce digital financial services within the agriculture sector in Bangladesh. To learn more about technical assistance options, contact Md. Majidul Haque, Technical Lead at [email protected]. Almost half of the population of Bangladesh is employed in the agriculture sector, which accounts for roughly 15% of the country’s GDP. Yet despite rapid growth in digital financial services, particularly mobile money, formal financial products tailored to the agriculture sector are still generally lacking. This infographic attempts to illustrate some of the opportunities that already exist to digitize transactions, savings, and credit within the Bangladeshi agriculture sector. For a much more detailed analysis, refer to our report (mouse over for details)

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Page 1: KEY Digital Financial Services for Agriculture ... · Almost half of the population of Bangladesh is employed in the agriculture sector, which accounts for roughly 15% of the country’s

CommodityRetailer

CommissionAgent

InputDealer

CommodityWholesaler

CommodityCollector

InputRetailer

SmallholderFarmer

Digital Financial Services for Agriculture: Opportunities in Bangladesh

Use cash

Mostly use cash, occasional bank transfers

Mix of digital and cash payments

High ownership and use of mobile phones

Cash �ow

Savings/credit opportunities

Transaction opportunities

Most have bank accounts

Formal �nancial service access is mixed

Low use of formal �nancial services

Savings/credit opportunities• Tailored savings products• SME loan facility with seasonal �exibility

Savings/credit opportunities

• Tailored savings products• Working capital or SME

loan facility with seasonal �exibility

Savings/credit opportunities

• Tailored savings products

• Working or SME loan facility with seasonal flexibility

Savings/credit opportunities

• Tailored savings products

• SME loan facility with seasonal �exibility

Savings/credit opportunities

• Tailored savings products

• Working capital or SME loan facility with seasonal �exibility

Savings/credit opportunities• Goal-based savings scheme• Micro-credit with �exible repayment

and a�ordable interest rate

Savings/credit opportunities

• Tailored savings products

• Working capital loan facility with seasonal �exibility

KEY

School/College (fees)

Insuranceproviders

Family andfriends

LaborersLandowners

Other payment types(e.g. merchants, utilities, bills)

DISCLAIMER: This document is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The views expressed here do not necessarily reflect the views of the U.S. Agency for International Development or the U.S. Government. mSTAR offers on-demand technical assistance to support USAID implementing partners and DFS providers in Bangladesh to introduce digital financial services within the agriculture sector in Bangladesh. To learn more about technical assistance options, contact Md. Majidul Haque, Technical Lead at [email protected].

Almost half of the population of Bangladesh is employed in the agriculture sector, which accounts for roughly 15% of the country’s GDP. Yet despite rapid growth in digital financial services, particularly mobile money, formal financial products tailored to the agriculture sector are still generally lacking. This infographic attempts to illustrate some of the opportunities that already exist to digitize transactions, savings, and credit within the Bangladeshi agriculture sector. For a much more detailed analysis, refer to our report

(mouse over for details)

https://www.microlinks.org/library/integrating-digital-financial-services-agricultural-value-chains-bangladesh-market-landscape

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