By Morkporkpor Anku (Courtesy: Huawei Technologies Ghana)
Barcelona, March 7, GNA – bKash and Huawei were awarded the Global System for Mobile Communications Association (GSMA) GLOMO “Best FinTech Innovation” for digital loan solution for all at the just ended 2025 Mobile World Conference (MWC) in Barcelona, Spain.
The award recognised groundbreaking advancements in financial technology that were 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.
A statement said since its launch in 2018, bKash has expanded financial access to 61 per cent of Bangladeshi adults, however, 37 per cent of citizens still rely on high-interest informal lenders for urgent needs, while only 9 per cent of adults have access to formal banking services.
It said 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.
The service particularly benefits groups, including rural women and small businesses, helping them secure working capital, reduce poverty, and drive local e-commerce growth.
Mr Mohammad Azmal Huda, Chief Product and Technology Officer (CPTO) of bKash, said, “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.”
He said the initiative empowered millions of people to attain financial dignity and accelerated our mission to drive financial inclusion across Bangladesh.
“We are honoured 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,” Mr Maurice Ma, President of Huawei Software Business Unit said.
Over the last decade, Huawei’s Mobile Money solution has benefited 480 million users across over 40 countries globally.
He said the solution uses a unique cloud-native distributed architecture, achieving 99.999 per cent platform reliability and unlimited scalability, ensuring zero business interruption.
The President said 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.
GNA