Written by 9:51 pm News

Inbound remittances through Bkash grew by 70% YoY

Inbound-remittances-through-Bkash-grew-by-70%-YoY
Walton

On the occasion of Ramadan and Eid-ul-fitr, the rate of inbound remittances through Bkash has increased by almost 70% compared to last year.

Expatriates from more than 90 countries have sent remittances to their relatives’ Bkash account over six and a half lakh times.

This facility of sending remittances through legal channels via mobile wallets of money transfer organizations (MTO) or agent points at their convenient time is gradually gaining trust and popularity among expatriates.

Meanwhile, the relatives of expatriates living in the country are receiving the full amount with a government incentive of Tk25 per Tk1,000 instantly.

Additionally, they have used Bkash from the comfort of their homes to access a variety of services like utility bill payments, sending money, mobile recharge, payment of educational institution or government fees, zakat-fitrah and donations. Apart from this, they have also availed Cash Out facility anytime from 330,000 agent points spread across the country, if required.

Instant, hassle-free and secure remittance services through legal channels like Bkash have brought dynamism to the country’s remittance flow and strengthened foreign exchange reserves.
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