Compared to 2023, expatriates sent 65% more remittances via bKash in the recently concluded year of 2024. Over 4 million bKash accounts were used to send remittances to loved ones in Bangladesh.
On Thursday, bKash stated that remittances are now transferred almost instantly to beneficiaries’ bKash accounts after settlement through 25 leading commercial banks in the country. These transfers are facilitated by over 110 international money transfer operators (MTOs) from more than 140 countries worldwide.
In addition to providing a simple, instant, and secure remittance transfer service, bKash has also reduced the cost of cashing out remittance funds. Family members of expatriates can now withdraw cash from approximately 2,500 ATM booths of 19 top commercial banks across the country using the bKash app or by dialing *247#. The cash-out fee is now as low as BDT 7 per thousand.
Moreover, as part of its ongoing efforts to encourage expatriates to use legal channels for remittance transfers, bKash frequently introduces various attractive offers to raise awareness and promote this service.
