Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificMarch 1 2016

Bangladesh’s bKash revolution

In the space of just four years, mobile payments service bKash has had a dramatic effect upon Bangladesh, bringing the unbanked into the formal economy, speeding up and simplifying the process of sending money from urban to rural areas, and even helping the country’s central bank monitor inflation levels. Stefania Palma charts its dramatic rise.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Bangladesh’s bKash revolution

“Everyone uses it.”

This is how bKash – a mobile financial services company that has taken Bangladesh by storm – is described by numerous people in the country. From corporates to office cleaners, the service has made its presence felt in the big cities of Dhaka and Chittagong as well as in the most remote rural areas. Indeed, the service has arguably achieved the ultimate ubiquity litmus test, with ‘bKash’ entering the Bengali lexicon as a word simply meaning ‘to transfer money’. 

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial