bKash ,Huawei win GSMA GLOMO Best FinTech Innovation award

Business Report :

bKash and Huawei were awarded the GSMA GLOMO “Best FinTech Innovation” for digital loan solution for all recently.
This award recognises groundbreaking advancements in financial technology that are transforming the way people and businesses manage, access, and utilise financial services.
bKash and Huawei pioneered the ‘Pay Later’ service in Bangladesh, providing short-term microloans to unbanked users, helping them address short-term financial gaps in daily expenses.
Since its launch in 2018, bKash has expanded financial access to 61% of Bangladeshi adults, However, 37% of citizens still rely on high-interest informal lenders for urgent needs, while only 9% of adults have access to formal banking services.
To address this, Huawei partnered with bKash to introduce the “Pay Later” financial service, offering instant, paperless microloans and delivering a seamless digital payment experience to the majority of Bangladesh’s unbanked population. This service particularly benefits groups, including rural women and small businesses, helping them secure working capital, reduce poverty, and drive local e-commerce growth, it added.
Mohammad Azmal Huda, chief product and technology officer of bKash, stated, “Leveraging the easy-to-integrate and scalable capabilities of Huawei mobile money platform, we have rapidly expanded more than 20 key payment scenarios and embedded ‘Pay Later’ micro financial services. This initiative has empowered millions of people to attain financial dignity and has accelerated our mission to drive financial inclusion across Bangladesh.”
“We are honored to jointly receive the GLOMO Best FinTech Innovation Award with bKash. Huawei will continue to invest in product innovation, integrate the strengths of our partners, and create greater commercial and social value for our customers.” said by Maurice Ma, President of Huawei Software Business Unit, says a press release.
Over the last decade, Huawei’s Mobile Money solution has benefited 480 million users across over 40 countries globally. The solution uses a unique cloud-native distributed architecture, achieving 99.999% platform reliability and unlimited scalability, ensuring zero business interruption. Powered by a robust data and AI engine, Huawei Mobile Money enables agile financial risk assessment and drives healthy revenue growth. Additionally, the platform’s openness enables agile business innovation, accelerating the development of digital lifestyle gateways, and providing more convenient financial services to global users.

MWC Barcelona 2025 is scheduled to take place in Barcelona, Spain, from March 3 to March 6, 2025. Huawei is showcasing its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1 at the event. In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.