Dhaka, July 28 -- Md Rubel has had strong determination for trying his luck in business since his graduation. During his student life, he was involved with some small ventures, and after completing his studies, he aspired to establish his own business. With initial support from his family and a loan from the microfinance organization DISA, the Chandpur youth started up a dealership business of various consumer products. As his business steadily grows, he is now expanding with fresh investments.

Once, millions of NGO beneficiaries like Rubel had to spend hours visiting branch offices to pay off loan instalments. Gone are those days-digital transformation emerges as a game-changer. Now, customers can pay their NGO loan and savings instalme...