{"id":39535,"date":"2025-08-02T02:40:09","date_gmt":"2025-08-02T02:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/39535\/"},"modified":"2025-08-02T02:40:09","modified_gmt":"2025-08-02T02:40:09","slug":"bangladesh-handles-over-8-of-global-daily-mobile-money-transactions-in-2024","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/39535\/","title":{"rendered":"Bangladesh handles over 8% of global daily mobile money transactions in 2024"},"content":{"rendered":"

Bangladesh processed about 8.61% of the world’s daily mobile money transactions in 2024, reflecting significant growth in accessing digital financial services through mobile financial services (MFS).<\/p>\n

This development was highlighted in a report titled “The State of the Industry Report on Mobile Money 2025”, recently published by the London-based Groupe Sp\u00e9cial Mobile Association (GSMA).<\/p>\n

According to the Bangladesh Bank, the average daily transactions through MFS accounts reached Tk4,833 crore (approximately US$ 396.17 million) in 2024. Globally, mobile money providers handled about US$ 4.6 billion in daily transactions through 2.1 billion mobile money accounts, the report said.<\/p>\n


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As of December 2024, people in Bangladesh held about 238.68 million mobile money accounts, making up 11.36% of the global total.<\/p>\n

Despite nearly 57% of the population being outside the formal financial system, Bangladesh stood out prominently in the GSMA report for strong growth in MFS activities, driven by providers like bKash.<\/p>\n

The share of customers using mobile money for loans doubled from 7% in 2023 to 14% in 2024. Since its commercial launch in 2021, bKash’s digital loan service, offered in partnership with a major commercial bank, has helped around 1 million customers secure over 5.5 million loans totalling about Tk28 billion.<\/p>\n

Similarly, the number of customers using mobile money to transfer funds into savings accounts doubled from 7% to 14% in 2024. By the end of 2024, over 3.2 million Daily Payment Savings (DPS) accounts were opened through the bKash app, in cooperation with four commercial banks and a non-bank financial institution (NBFI).<\/p>\n

Insurance payments through mobile money platforms also saw significant growth, with 10% of Bangladeshi customers paying for insurance products in 2024, up from 4% the previous year. bKash introduced insurance services on its platform in 2021, allowing customers in remote areas to access insurance companies without local presence.<\/p>\n

bKash’s data highlights Bangladesh’s global position in mobile money. Although Bangladesh accounts for just 2.19% of the world’s population, bKash represents 3.8% of global mobile money users and manages 3.5% of worldwide MFS agents.<\/p>\n

Despite challenges, Bangladesh continues to maintain a strong and innovative presence in the global mobile money ecosystem, demonstrating significant progress in financial inclusion on the international stage.<\/p>\n","protected":false},"excerpt":{"rendered":"Bangladesh processed about 8.61% of the world’s daily mobile money transactions in 2024, reflecting significant growth in accessing…\n","protected":false},"author":2,"featured_media":39536,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[2306,86,56,54,55],"class_list":["post-39535","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-mobile","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/39535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=39535"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/39535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/39536"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=39535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=39535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=39535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}