Inbound remittances through bKash grew by 66pc YoY

On the occasion of Ramadan and Eid-ul-Adha, the rate of inbound remittances through bKash has increased by almost 66 per cent compared to last year.

Bangladeshi expatriates across the world have sent additional amounts of remittances using the e-wallet or agent point of Money Transfer Organizations (MTOs) partnered with bKash.

Compared to last year, 66 per cent growth was observed in the inflow of remittances through bKash, which has also contributed to the rise of the foreign exchange reserve of the country ahead of Eid, says a media release.

Meanwhile, the relatives of expatriates are receiving the full amount with the government incentive of Tk 25 per Tk 1,000 instantly.

Besides, they can cash out the remittance at reduced cost from 2,700 ATM booths of different banks across the country. The cost of remittance cash out for the relatives of expatriates is only Tk 7.0 per Tk 1,000.

Besides, cash out from bKash’s agent points become more affordable because customers can cash out up to Tk 50,000 from two ‘Priyo Agent’ of bKash at Tk 14.90 charge per Tk 1,000. They can enjoy the cash-out facility from about 379,000 agent points spread across the country.

The expatriates can directly send remittances through a bKash account legally from over a hundred countries through more than 100 money transfer organizations (MTOs) around the world that get settled at top commercial banks in the country.

With that money, they can make various types of payments, pay utility bills, send money, recharge mobile, pay educational or government fees, give zakat-fitrah, donate etc, said the release.