Payment methods in Bangladesh
bKash is the undisputed market leader in mobile financial services, with over 60 million users and the broadest agent network in the country
Market takeaways
- bKash is the undisputed market leader in mobile financial services, with over 60 million users and the broadest agent network in the country
- Nagad, operated by Bangladesh Post Office, is the second-largest MFS provider and growing rapidly through government backing
- Card penetration is among the lowest in Asia (~3% credit card ownership), making cash and MFS wallets the dominant payment rails
- The Bangladesh Bank has been pushing for interoperability between MFS platforms, enabling cross-wallet transfers
- E-commerce is nascent but expanding quickly, with mobile-first checkout (bKash payment links, USSD) the standard integration pattern
Population
172M
Online population
65M
B2C e-commerce
$3.0B
Banked population
~53%
Credit card population
~3%
Payment method breakdown
- Cash75%
- E-Wallet / MFS20%
- Card3%
- Bank Transfer2%
Card scheme breakdown
Market data coming soon.
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Bangladesh
Popular options based on coverage and prominence in this market.
Nagad
Nagad is a digital financial service operated by Bangladesh Post Office, launched in 2019. It has grown rapidly to become the second-largest MFS provider, offering cash-in/cash-out, P2P transfers, merchant payments, and utility bill payments. Government backing and competitive pricing have driven strong adoption, particularly in rural and semi-urban areas.
Rocket (Dutch-Bangla Bank)
Rocket is a mobile banking service by Dutch-Bangla Bank Limited (DBBL), one of the earliest MFS platforms in Bangladesh. It serves millions of users for salary disbursement, remittances, and merchant payments, and is widely used in the readymade garments sector for worker wage payments.
Upay
UCB-backed MFS wallet accepted by 120,000+ merchants including e-commerce, for transfers and bill payments. Operator: UCB Fintech Company Ltd (United Commercial Bank). Est. users: 13 million+ users (2025).
SureCash
Bangladeshi MFS platform widely used for education stipend and bill payments and online transactions. Operator: Progoti Systems Ltd (with Rupali Bank). Est. users: 20 million+ customers (2024).
TallyKhata
Bangladeshi digital-ledger app for small merchants that adds wallet and payment-acceptance features. Operator: Progoti Systems Ltd / Pi Strategy. Est. users: 10 million+ users (2024).
TAP (Trust Axiata Pay)
MFS wallet by Trust Bank and Axiata, interoperable for transfers and accepted for online and merchant payments. Operator: Trust Axiata Digital Ltd. Est. users: Several million users (2025).
All payment methods in Bangladesh
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Featured banks in Bangladesh
Major institutions operating in this market.
State Bank of India (SBI)
Mumbai, India
State Bank of India is India's largest bank by assets, deposits, and branches, a state-owned institution offering retail, SME, corporate, and international banking.
Habib Bank Limited (HBL)
Karachi, Pakistan
HBL is Pakistan's largest bank by assets, offering retail, SME, corporate, and international banking in 25+ countries.
Islami Bank Bangladesh (IBBL)
Dhaka, Bangladesh
IBBL is Bangladesh's largest Shariah-compliant bank and one of the country's largest banks overall, offering Islamic retail and corporate banking.
Dutch-Bangla Bank (DBBL)
Dhaka, Bangladesh
Dutch-Bangla Bank is a leading Bangladeshi private bank known for its wide ATM and mobile banking network.
Other Banks — Bangladesh
Dhaka, Bangladesh
Aggregate of remaining banks in Bangladesh, collectively ~90.0% of domestic banking assets.
All banks in Bangladesh
Showing 5 of 5 banks
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