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

22 Pages Posted: 7 Apr 2010  

Al Nahian Riyadh

University of New South Wales; University of Chittagong, Bangladesh

Nayeema Islam

affiliation not provided to SSRN

Imranul Hoque

Jagannath University

Date Written: April 4, 2010

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.

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

Suggested Citation

Riyadh, Al Nahian and Islam, Nayeema and Hoque, Imranul, Electronic Finance in Developing Countries: The Implementation and Development of Electronic Finance Systems in Bangladesh (April 4, 2010). Available at SSRN: https://ssrn.com/abstract=1584405 or http://dx.doi.org/10.2139/ssrn.1584405

Al Nahian Riyadh (Contact Author)

University of New South Wales ( email )

Sydney, NSW 2052
Australia

University of Chittagong, Bangladesh ( email )

University of Chittagong
Chittagong, 4331
Bangladesh

Nayeema Islam

affiliation not provided to SSRN ( email )

Imranul Hoque

Jagannath University ( email )

9-10, Chittaranjan Avenue
Sadarghat, Dhaka, 1100
Bangladesh
+8801966995448 (Phone)

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