Pathao, Bangladesh’s prominent digital services company, is awaiting regulatory approval from the central bank to establish a digital bank. This strategic move is centered around capitalizing on its substantial user data. With a user base of 10 million young consumers and 500,000 drivers, delivery agents, and SME entrepreneurs, Pathao aims to address the financial needs of this digitally native generation. Traditional banks struggle to serve this segment due to limited data and technological capabilities for credit assessment. Pathao’s reservoir of customer insights and advanced analytics uniquely positions it to bridge this gap. By harnessing its data-driven advantage, the company intends to reshape the banking landscape, introducing personalized financial services and contributing to the economic growth of Bangladesh.
Pathao Ventures into Digital Banking Realm
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