Expatriates have now sent remittances to over 4 million unique bKash accounts, providing a vital link to their loved ones back home. The ease, speed, and security of sending money through bKash have contributed to a significant boost in remittance inflows, with a 65% increase in 2024 compared to the previous year. This surge in remittances has been instrumental in strengthening the country’s foreign exchange reserves, playing a key role in maintaining macroeconomic stability.
As an essential lifeline for the economy, these remittances from expatriates help support the nation’s foreign reserves and contribute to overall financial stability. bKash has built a robust system to ensure that sending and receiving money is both simple and secure. With expatriates from over 140 countries able to send funds through 110 international Money Transfer Operators (MTOs), recipients can access their funds instantly through 25 leading commercial banks.
Through bKash, remittances can be accessed anytime and anywhere, giving families the flexibility to use the funds for various purposes—from paying bills and tuition fees to making donations and topping up mobile balances. It all happens with just a few taps from the comfort of home.
Moreover, bKash has reduced cash-out fees, allowing beneficiaries to withdraw remittances at a minimal charge of just Tk 7 per thousand from approximately 2,500 ATMs across 19 major banks. To further encourage expatriates to use legal channels for remittances, bKash regularly offers attractive promotions.
