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Progress in our payroll digitalization

Salary disbursement through MFS creates a broader scope of financial inclusion, especially for women. It enhances the transparency and accuracy of the factory which creates a better relationship between the authority and the workers.

Faruk Ahmed

Payroll digitalization is now no longer a "nice to have" but a "must have" to deliver the best value to internal and external customers. The biggest players like Apple, Amazon, and Netflix stay on top of their game due to continuous digital transformation in their operations from production to their employees salary distribution. By eliminating ...

MFS and digital banks join forces-a risk worth taking?

Faruk Ahmed

�The collapse of the second- largest Silicon Valley digital bank in the United States and the struggles faced by UK- based Monzo, with its five million customers, as well as reported difficulties with Brazil's Nubank, have raised concerns about the expected impact of digital banks on poverty alleviation�In the relentless battle against poverty in Bangladesh, ...

SKUS' schools spread light among dropout children in Cox's Bazar

Faruk Ahmed

Social organization 'Samaj Kalyan Unnayan Sangstha' is spreading the light of education among dropout children in Cox's Bazar district through their schools Shikhon.There are 310 centers in three upazilas of the district including Cox's Bazar municipality through which about 12,300 children are on the path from darkness to light.It is known that the schools run ...

MFS App: A remittance revolution towards Smart Bangladesh

Faruk Ahmed

Last week, Nowrin Aktar, a financially challenged mother, grew concerned that her two babies might have contracted the deadly dengue disease. She was terrified as she had no available funds and no one nearby her residence to borrow money for her baby's urgent treatment. Suddenly, someone suggested to Nowrin that she could quickly receive money ...

MFS war on poverty: A big success story

Faruk Ahmed

Bangladesh, which once was called a bottomless basket, is now a striking success story in the fight against global poverty and a role model for the rest of the world, according to the World Bank. What drives Bangladesh to achieve such global recognition?' World Bank President Jim Kim has given the answer fingering the Mobile ...

Growing MFS frauds pose threat to Bangladesh’s cashless journey

Faruk Ahmed

For economists and digital experts, paper currency is not an asset of the future. It belongs to yesterday, having served as a means of payment and store of value for centuries. But the rise in digital fraud is a concern. Here, Bangladesh, which is a global success story in the mobile financial services revolution is ...