Payment methods in Bangladesh

Asia

7methods

5banks

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

All payment methods available in this market, sorted by prominence.

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).

bKash

bKash is Bangladesh's largest mobile financial service, used for payments, remittances, bill payment, mobile top-up and online purchases. Operator: bKash Limited (BRAC Bank subsidiary). Est. users: ~82 million registered (2025).

Featured banks in Bangladesh

All banks operating in this market, sorted by prominence.

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.