BKash

What BKash does

bKash is Bangladesh's largest mobile financial services (MFS) provider, operating a regulated digital payments and money-transfer platform that serves approximately 82 million registered users across the country (70 million per Axiata Group reporting). Founded in 2011 and majority-owned since 2014 by Malaysia's Axiata Group, bKash delivers person-to-person transfers, merchant payments, cash-in/cash-out through a 1.85-million-agent network, savings products such as a Tk 20,000 monthly Deposit Pension Scheme, lending facilitation, and government tax/VAT collection through a partnership with the National Board of Revenue. Cross-border remittances are received from 135 international money transfer operators across more than 170 countries and settled through 27 commercial banks.

The platform combines a self-serve mobile app (with NFC-based tap-to-pay QR codes, one-tap mobile recharge, bill pay, and DPS) with API integrations to banks including BRAC Bank, Prime Bank, Mercantile Bank, and Bank Asia, plus merchant integrations across telecom, cement, beverages, pharmaceuticals, healthcare (AKS Pharmacy), and agricultural machinery (Metal Motors). bKash processes approximately 8.61% of global daily mobile money transactions and operates under Bangladesh Bank as primary regulator. In 2025 it posted its highest-ever profit of Tk 676.33 crore (~$57-61M USD) while processing Tk 20,000 crore (~$1.7B) of remittances into 4.1 million accounts — nearly double the prior year.

bKash monetizes primarily through transaction fees on domestic transfers, merchant payment acceptance, and cross-border remittance settlement (all take-rate models), supplemented by promotional and lending-related flows. GTM is hybrid: community/agent-led for cash-in/cash-out reach, product-led via the mobile app, and API-first for bank and government integrations. In 2025 the company raised $250 million from SoftBank Vision Fund II and filed an application for a Bangladesh digital bank license, signaling a strategic move from wallet-led MFS toward full-stack digital banking.

Name

BKash

Legal name

bKash Limited

Website

https://bkash.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

BKash is Bangladesh's largest mobile financial services platform, providing digital payments, money transfers, remittances, savings, and merchant services to 82 million registered users domestically and from 170+ countries.

Ownership category

akta.pro rank

Product category

Mobile Financial Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ)

akta.pro secondary industries

Mobile Wallets (NFC Tap-to-Pay / HCE) (FSAMAEAB), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC)

Keywords

• Mobile financial services
• Digital payments
• Mobile money
• Cross-border remittance
• Merchant payments

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Transaction and Transfer Fees: bKash generates revenue through transaction fees on money transfers, bill payments, and merchant transactions processed through its platform. The company reported its highest-ever profit of Tk 676.33 crore in 2025, indicating strong fee-based revenue growth.
2. Cross-Border Remittance Services: bKash earns fees on international remittance transfers, enabling expatriates to send money directly to bKash wallets from 135 money transfer operators across 170+ countries. In 2025, Tk 20,000 crore in remittances were received through bKash.
3. Merchant Payment Services: bKash generates revenue from merchant payment acceptance at retail outlets including pharmacies, restaurants, hotels, and e-commerce platforms through cashback incentives and transaction commissions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

BKash is a mobile financial services platform enabling digital payments, person-to-person money transfers, mobile recharge, bill payments, savings (DPS), merchant payments, and cross-border remittances through its mobile app, an agent network of 1.85 million touchpoints, and integrations with 135 international money transfer operators across 170+ countries. It serves 82 million registered users in Bangladesh and processes approximately 8.61% of global daily mobile money transactions.

Product overview

bKash is a unified mobile financial services platform offering a comprehensive suite of digital payment, money transfer, and financial inclusion services. The core bKash platform enables person-to-person transfers, merchant payments, cash-in/cash-out through an extensive agent network of over 1.85 million agents, and agent-to-merchant collection solutions. The platform supports cross-border remittances from 135 international money transfer operators across 170+ countries, settling through 27 commercial banks. Key features include NFC-based tap-to-pay QR codes, API integrations with banks for instant fund transfers, and partnerships across sectors including agriculture (Metal Motors), pharmaceuticals (AKS Pharmacy), and telecommunications (Banglalink).

Differentiator

Problem solved

Functional benefit

Products and services

• bKash Mobile Financial Services Platform
• NFC Tap-to-Pay
• Agent-to-Merchant Cash Collection Solution
• Monthly DPS (Deposit Pension Scheme)
• Cross-Border Remittance Service

Quantifiable outcome

• 82 million registered users served in Bangladesh
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Metal Motors LimitedcoreStrategic or Co-development Partner · 4 April 2026Partnership enabling farmers to purchase agricultural machinery on instalments with payments collected through bKash agent points across Bangladesh. Uses Agent-to-Merchant Cash Collection Solution that directly credits electronic payments to Metal Motors' account, reducing financial risks and improving transaction efficiency. Expands bKash services beyond telecom, cement, beverages, and pharmaceuticals into the agricultural machinery sector.
• BRAC Bank PLCcoreTechnology or Integration · 5 March 2026API integrations enabling instant 24/7 fund transfers between bank accounts and bKash wallets. BRAC Bank supports small merchants through Bangla QR and Merchant Gateway services, and offers 0% interest instalments up to 24 months on electronics and furniture.
• ACE Money TransfercoreGTM or Marketing Partner · 25 February 2026Ramadan incentive campaign for UK-based Bangladeshis transferring funds to Bangladesh through ACE's direct bKash wallet service. The initiative offers weekly draws throughout the holy month, leveraging ACE's FCA regulation in the UK and bKash's 82 million users in Bangladesh.
• AKS PharmacyminorGTM or Marketing Partner · 5 November 2025Partnership enabling customers to purchase medicines from over 60 AKS Pharmacy outlets across Bangladesh using bKash payment with cashback offers of Tk 50 on minimum Tk 1,000 payments.
• Bangladesh BankcoreOthers · 4 November 2025bKash is Bangladesh's largest MFS provider operating under Bangladesh Bank regulation as the primary financial regulator. Bangladesh Bank is considering bKash's application for a digital bank license alongside other applicants including Robi and Akij.
• Gulf Exchange (Qatar)coreStrategic or Co-development Partner · 16 September 2025Partnership to improve cross-border remittance services for Bangladeshi expatriates in Qatar. Qatar-based Bangladeshis can now send money directly to bKash wallets, making transfers faster, safer, and more accessible.
• National Board of Revenue (NBR)coreStrategic or Co-development Partner · 10 September 2025Partnership for digital corporate tax and VAT payments through bKash platform. Two successful real-time transactions were completed via bKash as part of NBR's tax digitization initiative that aims to reduce approximately Tk 20,000 crore annually spent on currency printing.
• BanglalinkminorStrategic or Co-development Partner · 31 July 2025Partnership for stronger connections, data connectivity and enterprise ICT solutions between Banglalink and bKash.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• M-Pesa (Safaricom / Vodacom): M-Pesa is the global benchmark mobile money platform, using an agent-based cash-in/out model to serve the unbanked in Kenya and across Africa. Highly comparable to bKash in core cash-in/cash-out agent wallet mechanics, financial-inclusion target segment, and remittance-led monetization.
• GCash (Mynt / Globe Telecom): GCash is the Philippines' dominant mobile wallet, operated inside a telco-led group (Globe). Closely comparable to bKash on telco-distributed adoption, cash-in/out agent network, QR/NFC tap-to-pay, and remittance use cases across overseas Filipino workers.
• Nagad: Nagad is a Bangladesh Post Office-backed mobile financial service directly competing with bKash domestically for cash-in/out agents, merchants, and government disbursements. Operates in the same market under the same Bangladesh Bank regulator with an overlapping underbanked customer segment.
• Rocket (Dutch-Bangla Bank): Rocket is the MFS product of Dutch-Bangla Bank in Bangladesh, one of bKash's main domestic competitors. Comparable on agent-led cash-in/out, bank-wallet integration, and Bangla QR-driven merchant payments in the same market.
• Easypaisa (Telenor Microfinance Bank): Easypaisa is Pakistan's leading mobile wallet and one of the largest agent-network MFS operators globally, with similar regulatory model under State Bank of Pakistan. Comparable to bKash in telco-distributed rollout, G2P flows, and underbanked market focus.
• Paytm (One97 Communications): Paytm is India's largest mobile wallet and payments platform combining wallet, QR, and merchant acquiring. Comparable to bKash on QR/tap-to-pay merchant acquisition, wallet interoperability with banks, and high-volume P2P transfers in a price-sensitive emerging market.
• OVO (Indonesia): OVO is one of Indonesia's leading e-wallets, deeply integrated with merchants, ride-hailing, and bank partners. Comparable to bKash on QR-based merchant payments, wallet-to-bank interoperability, and bank-led distribution partnerships.
• DANA (Indonesia): DANA is a major Indonesian e-wallet operated with Ant Group/Emtek backing, offering QR payments and agent-led cash-in/out. Comparable to bKash in QR-driven merchant volumes, agent-assisted top-ups, and broad mass-market positioning.
• Orange Money: Orange Money is Orange's pan-African mobile money service with large agent networks across multiple Francophone and Anglophone markets. Comparable to bKash on telco-distributed agent cash-in/out rails, cross-border remittances, and financial-inclusion mandates.
• MTN MoMo (MTN Group): MTN MoMo is MTN Group's mobile money wallet across Africa, ranking among the largest globally by active users. Comparable to bKash on telco-led mass-market distribution, agent-led cash-in/out, merchant payments, and remittance focus in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/bKash_ltd
• Facebookfacebook.com/bkashlimited
• LinkedInlinkedin.com/company/bkash-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BKash