Digital Economy

Digital Economy

The rise of the digital economy is transforming Bangladesh’s growth prospects. Mobile banking, fintech, and e-commerce are expanding financial access and market reach. For example, mobile financial transactions have grown exponentially in recent years. (One report notes total mobile banking transactions reached ~Tk17.37 trillion in 2024, a 28% increase over the prior year.) This digital revolution helps small entrepreneurs reach customers and facilitates remittances. It also improves transparency (e.g. more transactions through formal channels). To capitalize on this trend, Bangladesh should continue investing in digital infrastructure, cybersecurity, and skills training. Encouraging fintech innovation (under careful regulation) will help the economy leapfrog traditional barriers. In sum, a thriving digital sector can boost productivity, create jobs, and support a modern, knowledge-based economy.