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After Digital Wage Push, Why Are Bangladesh Factories ‘Sliding Back to Cash?’

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Mere months after Bangladesh’s garment industry embraced digital wages for workers at the height of the coronavirus pandemic’s first wave, factories are backsliding to cash payouts, a new study has found. Despite a “massive shift” to digital payments in May, Microfinance Opportunities, in collaboration with the South Asian Network on Economic Modeling (SANEM), found that…

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