Online Banking
Fintech Rise of Online Banking in Bangladesh By admin September 7, 2021 No Comments Tweet Share Share Pin 5 5 SHARES Online banking is a system that enables bank customers to access accounts and general information on bank products and services through a bank’s website or app. It is a means of banking through the internet that provides one of the easiest banking systems to clients with low cost and quick services. Online banking in Bangladesh has rapidly grown over the years as the country’s financial sphere is integrating more digital services in the financial sector. Growth of Online Banking in Bangladesh Online banking in Bangladesh first started in the early 2000s and ever since it is rapidly being integrated into the banking industry. The graph below shows how just within a few years the number of online banking transactions rose in Bangladesh. Source: Bangladesh Bank, Statistics Department, e-Banking and e-Commerce Statistics Unit There are several reasons for the rapid incr...