Micro-banking technology in Bangladesh

Gemalto is providing its smart card based solution to Dipon Consultancy Services Limited (DCSL) for their financial inclusion project in Bangladesh. DCSL is implementing this project in collaboration with Prime Bank Limited (PBL). The program named Prime Cash which represents over 76% of the country’s 150 million-population aims to provide secure access to banking services for people with limited or no access to banking services in both rural and urban areas in Bangladesh.

In its effort to foster financial inclusion, DCSL has deployed DG-ePay (Dipon Group-ePay) Service Points at major public places throughout the country. End users can enroll themselves and open an account at any of the DG-ePay Service Points. The Gemalto smart cards contain an embedded software application that securely stores the holder’s facial image and fingerprint data captured upon enrollment. End user transactions are validated using biometric authentication, providing a superior level of convenience and security to all, including illiterate users. The Gemalto solution facilitates daily life financial services, such as account opening, deposit, withdrawal, transfer, loan repayment and remittances. DCSL has already delivered 200,000 cards to end users.

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Micro Finance

Micro Finance

Accelerating micro banking for the under banked people to benefit from simplified access to financial services

Micro Finance [PDF - 1.4mb]

/review  | Innovation

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