Electronic Finance in Developing Countries: The Implementation and Development of Electronic Finance Systems in Bangladesh

Abstract:     
Electronic finance is one of newest financial innovation, which offers numerous benefits for the financial institutions, clients and for the government. In last couple of years large numbers of financial institutions are offering e-finance services through Internet and Websites around the world. Government of Bangladesh is also taking initiatives for development of e-finance. The implementation and development of e-finance seem to be smoother in developed countries; however, the situation found to be different in developing countries like Bangladesh. The present paper investigates the present status of e-finance, its necessity, impact on Bangladesh economy together with policy strategy for implementation success of e-finance in Bangladesh.

Number of Pages in PDF File: 22

Keywords: Automated Teller Machine (ATM), Bangladesh, Credit Card, Debit Card, Electronic Finance, Implementation, Internet

working papers series