Bangladeshi Taka

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 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.

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).

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).

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).

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 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).

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 is a leading Bangladeshi private bank known for its wide ATM and mobile banking network.

Aggregate of remaining banks in Bangladesh, collectively ~90.0% of domestic banking assets.