In a landmark achievement for Bangladesh’s financial technology sector, the mobile financial service (MFS) provider bKash has announced that it facilitated the transfer of BDT 200,000,000,000 (20,000 Crore) in remittances during the 2025 calendar year. This significant capital influx was distributed across 4.1 million unique bKash accounts, representing a nearly twofold increase compared to the previous year.
Expanding Global Reach and Integration
The surge in digital transfers is attributed to bKash’s aggressive expansion of its international network. Currently, Bangladeshi expatriates residing in over 170 countries can send money home via 135 International Money Transfer Operators (MTOs). These funds are processed and settled through 27 local commercial banks before being credited instantly to the recipient’s mobile wallet.
One of the primary drivers for this shift toward mobile platforms is the seamless integration of the government incentive, which provides an additional BDT 25 per BDT 1,000 sent. This bonus is delivered directly to the beneficiary’s account alongside the remitted amount, ensuring transparency and speed.
Comparative Growth: Banking vs MFS
While traditional banking channels still handle the lion’s share of national remittances—totalling roughly BDT 4,059,000,000,000 (approx. $33 billion) in 2025—the growth rate of mobile services is far outstripping conventional methods.
| Metric | 2024 Performance (BDT) | 2025 Performance (BDT) | Year-on-Year Growth |
| National Remittance (Bank) | ~3,321,000,000,000 | 4,059,000,000,000 | 22% |
| bKash Remittance (MFS) | ~100,000,000,000 | 200,000,000,000 | ~100% |
| MFS Sector Overall Growth | – | – | >90% |
Enhancing Financial Literacy and Utility
Beyond simple money transfers, bKash has introduced several features to formalise the “remittance economy.” The introduction of a Remittance Statement service within the app allows beneficiaries to track their inflows systematically. This documentation is increasingly vital for users who are now required to provide proof of income for Tax Return filings.
Furthermore, the utility of these funds has been expanded through a diverse ecosystem of services:
Low-Cost Withdrawals: Recipients can “Cash Out” from over 2,500 partner bank ATMs nationwide at a highly competitive rate of just BDT 7 per BDT 1,000.
Savings Schemes: The app enables users to open Deposit Pension Schemes (DPS) with four partner banks and one financial institution directly from their mobile device.
Daily Transactions: Remitted funds are frequently used for direct payment of utility bills, educational fees, and retail purchases, reducing the reliance on physical cash.
By digitising the last mile of the remittance journey, bKash is not only bolstering the national reserves but also fostering greater financial inclusion for millions of households across rural and urban Bangladesh.