UNB, Dhaka :
About 10 lakh transactions worth more than Tk 2.21 billion are taking place every day through the major players in the Micro Finance Services (MFS) – bKash, Mobile Money and M-Cash, said Bangladesh Bank (BB) governor Atiur Rahman on Friday.
“Key players in MFS are bKash, DBBL Mobile Money and M-Cash of IBBL with 13.2 million registered customers with about 2 lakh agents nationwide generating (on average) more than 1.0 million transactions amounting more than Tk. 2.21 billion per day,” he said while addressing a discussion at a city hotel.
The discussion, titled ‘Mobile Financial Services Consumers Insights’, was jointly organised by CGAP Consultant and pi Strategy Consulting.
The governor observed that the use of newer products like savings, merchant payments, bill payments, salary payments, G2P, B2P and P2P payments through MFS may gradually increase for broader banking services.
At present, all the six mobile phone operators in the country are involved with MFS providers in some capacity, while 28 Banks have MFS permission and 19 are in active operation.
