During the first half of Ramadan this year, expatriates have sent over Tk 900 crore remittances through bKash.
This substantial volume reflects their growing preference on the platform’s remittance service, which is easy, safe and instant. Especially, expatriates are using this service more to send remittances ahead of the holy Ramadan and Eid, said a press release.
As a result, in the first 15 days of Ramadan this year, remittance inflow through bKash has surged by 86% compared to the previous year. Expatriates from over 140 countries are using bKash to connect with their loved ones during Eid and contribute to the nation’s foreign exchange reserves.
Remittances play a vital role in stabilising the country’s economy and bKash has created a robust ecosystem for collecting those.
Currently, remittances from over 140 countries sent through more than a hundred international money transfer operators (MTOs). They are being settled at 25 top commercial banks back home and instantly delivered to the bKash accounts of expatriates’ loved ones.