Expatriates are sending remittances to their loved ones’ bKash accounts in the country in real time using online, internet or mobile wallet via banking channel.
As a result, on the occasion of the holy Eid-ul-Fitr, the amount of remittances received through bKash has increased at a significant rate.
In addition, receivers can cash out the money at any time from any nearby agent point instead of going to the bank and thus, save the cost of traveling and time as well.
They can even avail various other services like utility bill payment, send money, mobile recharge, payment of educational institution or hospital expenses, payment of online shopping, etc.
Because of the affordable and swift way of receiving money through banking channels, the remittance service of bKash is becoming more popular. Relatives of remitters are also considering receiving remittance through bKash as safe, hassle-free and convenient.
Currently, expatriates from more than 70 countries are getting the opportunity to send remittances safely to more than 60 million bKash accounts through 67 money transfer organizations (MTO) by online or wallet transfer via settlement in 12 commercial banks of the country.
To encourage migrants to use proper channels to send money home, the government has increased cash incentive on remittance to 2.5 percent from 2 percent.