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.