Now it has a new strategy to invest in technologies that can make goods and services affordable to the poor. Bloomberg’s Erik Schatzker is talking to Bill Gates and travelling to Bangladesh to see how bKash is transforming finance. Answer the questions on the video:
Why Bill Gates invests in mobile banking
1. What are the distinctive features of the capital of Bangladesh, Dakka?
2. What is required to set up a bKash account in Bangladesh?
3. Why is the Bill & Melinda Gates Foundation a big investor in this company?
4. What other attempts have there been? Why did they all fail?
5. When was bKash founded? In what way did the service contribute to the boost of the economy?
6. How does the mobile banking service operate in the country? What other mobile services does it develop? Which institution controls the activity of the service?
7. How influential is the company in Bangladesh? Which measures have been taken by the central authority to avoid monopolism?
8. When did the Gates Foundation become an investor? What are its goals?
9. Why is bKash a phenomenon? How is it doing?
10. What are the further ambitions of the founders?
