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

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

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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