-Huawei and bKash strengthen partnership to deepen financial inclusion in Bangladesh in support of the SDGs

DHAKA, Bangladesh, March 30, 2023/PRNewswire/ -- Huawei and bKash have agreed to deepen their collaboration in Bangladesh to further drive financial inclusion and enable more people to participate in and benefit from the digital economy in the country. bKash, the largest mobile payment operator in Bangladesh, provides mobile financial services to 68 million people, serving every family in the country. Huawei powers bKash services with its cutting-edge digital financial solutions.

Moving further, Pan Junfeng, President of Huawei South Asia Region and CEO of Huawei Bangladesh, and Kamal Quadir, Founder and CEO of bKash, have signed a memorandum of understanding at the Huawei Academy Bangladesh on Wednesday 29th of March 2023 in Dhaka.

Speaking at the MoU signing ceremony titled "Smart Fintech: Inclusive. Innovative. Inspiring Bangladesh", Kamal Quadir, founder and CEO of bKash, highlighted the importance of the partnership.

"Financial inclusion and inclusive services have been part of bKash's DNA since its inception in 2011. With the arrival of the fourth industrial revolution, we are working tirelessly to achieve a digital financial ecosystem and become a smart nation. The joint effort of bKash and Huawei aims to drive financial inclusion and eliminate poverty for the SDGs with innovative solutions," said Kamal.

Since the development of the current FinTech products, Huawei has deployed its platform in more than 30 markets in Asia and Africa. In total, Huawei FinTech solutions are used by more than 400 million people around the world.

Pan Junfeng, President of Huawei South Asia Region and CEO of Huawei Bangladesh, said that the strengthened partnership between Huawei and bKash in Bangladesh is aimed at boosting digital inclusion in the country.

"Since 2017, Huawei has been working closely with bKash on digitizing its MFS with the leading Mobile Money platform. The platform offers services such as e-wallet and Nano-loan, bringing financial inclusion and innovation to local communities. In In the future, we will continue to deepen our partnership to empower and enable more people in Bangladesh to reap the benefits of digital economy for development.And I believe our partnership will boost the growth of digital economy in Bangladesh, setting a remarkable example to other countries. emerging markets in the region when it comes to financial inclusion," said Pan.

Speaking at the event, Sarder M. Asaduzzaman, Deputy Resident Representative of the United Nations Development Programme, highlighted SFM's contribution to development and the achievement of the SDGs: "This initiative: Smart Fintech for a Bangladesh inclusive, innovative and inspiring carries great weight and great perspective. I think both Huawei and bKash agree and are working on it. And their further partnership will strengthen the whole initiative."

"The SDG is the ultimate goal, it's where we want to be in the 2030s. We're on the road and this Smart Fintech partnership is the vehicle that will propel us to get there," said Susan Vize, Officer-in-Charge of the SDG Organization. United Nations Educational, Scientific and Cultural Organization (UNESCO) Dhaka Office.

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