Dhaka, Nov. 21 -- In South Asia, more specifically in Bangladesh, the most significant financial innovation of this decade has neither been an opening of bank branches, an expansion in banks, nor an increased governmental regulation of finance. Rather, innovation has been brought by the mobile phone, which is increasingly using digital wallets, financial agents, real-time payment systems, and data analytics for loans to convert smartphones into debit cards, ATMs, as well as bank statements, all in one package. This article discusses how financial democracy in Bangladesh is being made possible by fintech, including examples from bKash, Nagad, as well as an analysis of the potential for financial empowerment in Bangladesh by examining the p...