Meghna Bank

What Meghna Bank does

Meghna Bank PLC. is a Bangladesh-licensed private commercial bank headquartered in Dhaka, founded in 2013 and operating across all eight divisions of the country (Dhaka, Chattogram, Rajshahi, Khulna, Barishal, Sylhet, Rangpur, and Mymensingh). It serves retail, SME, agricultural, corporate, priority/wealth, and Islamic banking customers through an integrated distribution stack comprising physical branches, sub-branches and Islamic banking windows, standalone ATMs, agent banking outlets for financial inclusion, a 24/7 call center (16735), internet banking for retail and corporate clients, and the MeghnaPay mobile financial services application on iOS and Android.

The core technology platform centers on MeghnaPay, a digital wallet with eKYC registration (NID plus live photo), QR-based Scan & Pay merchant acceptance, instant account opening via rapid.meghnabank.com.bd, and interoperability integrations with multiple bank payment gateways (Sonali Bank, City Bank, Mutual Trust Bank, Eastern Bank), MFS platforms (Nagad, aamarPay, Shurjomukhi), billers (SSL, CloudWell/PayWell), and merchants. Card products (credit, debit, prepaid), loan products (Executive, Home, Auto, SME Working Capital, Trade Finance, Woman Entrepreneurship, and specialized agricultural products including Fashal Rin, Khamar Rin, Motsho Rin, and Import Substitution Agricultural Credit at a subsidized 4%), and deposit products (Regular Savings, Platinum Savers, Young Stars, Senior Citizen Savings, Meghna Salary, Sreyoshi, Fixed Deposit, Deposit Pension Scheme, Child EduPlan) round out the offering. Al-Mustaqeem Meghna Islamic Banking operates under a Shari'ah Supervisory Committee, and a three-tier Priority Banking service (Blue Diamond, Jade, Jasper) targets high-net-worth customers with dedicated Relationship Managers.

The revenue model combines traditional commercial banking income — net interest margin on loans and advances across retail/SME/corporate/agricultural portfolios — with fee and commission income from transactions, account services, and card products, plus MeghnaPay-generated MFS revenue (agent commissions, bill payment and merchant payment fees, add-money facilitation). Go-to-market is hybrid: direct-to-consumer via branches, call center, and self-serve digital channels, and channel-partner-led via agent banking, merchant acceptance points, and bank/fintech interoperability partnerships. The bank has been recognized internationally via the IBSi Global FinTech Innovation Awards 2023 for MeghnaPay and operates as a privately-held institution led by Chairman H. N. Ashequr Rahman and Managing Director & CEO Sohail R. K. Hussain, with no public listing or disclosed parent company.

Name

Meghna Bank

Legal name

Meghna Bank PLC.

Website

https://meghnabank.com.bd

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Meghna Bank PLC. is a privately-held Bangladeshi commercial bank serving retail, SME, agricultural, corporate, priority, and Islamic banking customers nationwide through branches, agent banking, and the MeghnaPay mobile financial services platform.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Retail banking services
• Mobile financial services
• SME and agricultural lending
• Corporate banking solutions
• Islamic banking products

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans and advances to retail, SME, corporate, and agricultural customers. The bank offers various loan products including executive loans, home loans, auto loans, and agricultural credits.
2. Fee and Commission Income: Transaction fees, service charges, and commission income from digital banking services, fund transfers, bill payments, and account management services through branches and digital channels.
3. MeghnaPay Mobile Financial Services: Revenue generated from mobile financial services including agent commissions, transaction fees for bill payments, fund transfers, mobile recharge, and merchant payment services.
4. Deposit Products: Interest paid to depositors on various savings accounts, current accounts, fixed deposits, and deposit pension schemes. The bank offers competitive rates on Regular Savings, Platinum Savers, Young Stars, Senior Citizen Savings, and other deposit products.
5. Agricultural and SME Lending: Concessional loans to agriculture sector including Import Substitution Agricultural Credit at 4% interest rate with Bangladesh Bank subsidy, supporting cultivation of pulses, oilseeds, spices, and maize.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Meghna Bank PLC is a Bangladeshi commercial bank providing deposit products (savings, current, fixed deposits, pension and child education schemes), retail and corporate loan products (executive, home, auto, SME working capital, trade finance, agricultural credit including import substitution crop loans at subsidized rates), credit/debit/prepaid card products, Priority Banking tiers (Blue Diamond, Jade, Jasper), Shari'ah-compliant Islamic Banking under the Al-Mustaqeem brand, Agent Banking, Treasury and Offshore Banking services. Its flagship digital offering is MeghnaPay, a mobile financial services application supporting instant money transfers, bill payments, mobile recharge, merchant QR-based Scan & Pay and eKYC-driven instant account opening, complemented by retail and corporate internet banking channels.

Product overview

Meghna Bank PLC is a comprehensive commercial bank offering a platform-plus-modules architecture. The core product portfolio centers on MeghnaPay, the bank's Mobile Financial Services application enabling digital payments, money transfers, bill payments, and e-KYC registration, complemented by traditional banking through physical branches and Internet Banking platforms. Card products include Credit, Debit, and Prepaid cards with reward programs. The bank serves retail customers with loan products (Executive, Home, Auto), deposit accounts (Savings, Current, Fixed Deposit, Pension Schemes), and Priority Banking tiers (Blue Diamond, Jade, Jasper). Corporate banking offers industry-specific expertise across RMG, Healthcare, Energy, and Technology sectors. Agricultural banking includes specialized loans for crops, fish farming, and farms. Islamic Banking is offered through the Al-Mustaqeem sub-brand. Agent Banking extends services through a nationwide network, while Treasury and Offshore Banking serve specialized needs. Digital services include Loan Calculator, Digital Service Desk, Instant Account Opening via eKYC, and E-Statements.

Differentiator

Problem solved

Functional benefit

Brands

• MeghnaPay: Mobile Financial Services (MFS) platform offering digital payments, money transfers, bill payments, and mobile recharge services.
• Al-Mustaqeem Meghna Islamic Banking

Products and services

• MeghnaPay Mobile Financial Services Mobile financial services application enabling instant money transfers, bill payments, mobile recharge, merchant QR-based Scan & Pay and e-KYC account registration for retail and merchant customers across Bangladesh. Available on Android and iOS.
• Meghna Bank Cards (Credit, Debit, Prepaid) Complete suite of card products including credit cards (with Meghna 360° Rewards and Credit Shield Premium), debit cards with safety/security features, and prepaid cards for retail and corporate customers.
• Internet Banking Digital banking platform for retail customers to register and access banking services online, including account management, fund transfers and service requests.
• Corporate Internet Banking Business banking platform providing real-time account access, secure fund transfers and multi-level authorization for efficient corporate operations.
• Meghna Executive Loan Personal loan product for executives providing financing for various personal financial needs, with eligibility and amount determined through an online loan calculator.
• Meghna Home Loan Housing finance product for purchasing or constructing homes with flexible repayment terms, targeted at retail customers seeking home ownership.
• Meghna Auto Loan Vehicle financing product for purchasing cars and other automobiles, targeted at retail customers.
• Savings Deposit Products Range of savings accounts including Regular Savings, Platinum Savers, Young Stars (youth), Senior Citizen Savings, Meghna Salary Account and Sreyoshi Savings Account, targeted at varied retail customer segments.
• Meghna Scheme Products Structured recurring savings schemes including the Deposit Pension Scheme and Meghna Child EduPlan for retirement and children's education planning.
• Current Deposit Products Current account facilities including Regular Current Account for business and commercial banking needs of SMEs and corporates.
• Meghna Fixed Deposit Time deposit product offering guaranteed returns for fixed investment periods.
• Al-Mustaqeem Meghna Islamic Banking Shari'ah-compliant banking products under the Al-Mustaqeem brand offering Islamic deposit and investment products supervised by a Shari'ah Supervisory Committee.
• Priority Banking (Blue Diamond, Jade, Jasper) Premium banking services with dedicated Relationship Managers providing financial and investment advisory across three tiers: Meghna Blue Diamond, Meghna Jade and Meghna Jasper Banking.
• SME & Agriculture Banking Solutions Specialized banking suite for small and medium enterprises including SME Working Capital Solutions, Trade Finance Solutions, Medium & Long Term Solutions, Work Order/Supply Order Solutions and Woman Entrepreneurship programs.
• Meghna Fashal Rin (Crop Loan) (মেঘনা ফসল ঋণ) Agricultural loan for crop cultivation disbursed under Bangladesh Bank's agricultural and rural credit policy.
• Meghna Khamar Rin (Farm Loan) (মেঘনা খামার ঋণ) Farm financing product supporting agricultural activities and livestock operations for rural borrowers.
• Meghna Motsho Rin (Fish Farming Loan) (মেঘনা মৎস্য ঋণ) Specialized credit facility for fish farming and aquaculture activities.
• Import Substitution Agricultural Credit (আমদানি বিকল্প কৃষি ঋণ) Concessional agricultural loan at 4% interest (with Bangladesh Bank subsidy) supporting cultivation of import-substitute crops including pulses, oilseeds, spices and maize, with tenure of 6 months to 1 year aligned to crop calendar.
• Agent Banking Banking services delivered through an agent network that extends financial inclusion to underserved areas, providing ATM cash-out, deposit and withdrawal services across Bangladesh.
• Treasury Services Foreign exchange and treasury operations including deposit interest rates, lending rates and daily exchange rates.
• Offshore Banking International banking services supporting cross-border transactions and foreign currency operations for corporate clients.
• Corporate Banking Industry Solutions Specialized corporate banking services for industries including RMG & Textile, Food and Agribusiness, Healthcare, Automobile, Infrastructure and Energy, Capital Finance, Waste and Recycling, Technology Financing, Global Receivables and Trade Finance, Public Sector Banking, Cash Management and Structured Finance.
• Women Banking Banking products and services specifically designed for women entrepreneurs and customers.
• Instant Account Opening (eKYC) Digital account opening through an eKYC process enabling instant activation using NID and live photo or Meghna Bank Debit Card verification via the rapid.meghnabank.com.bd platform.

Quantifiable outcome

• Awarded IBSi Global FinTech Innovation Awards 2023 for 'Most Innovative Digital Wallets Deployment' for MeghnaPay

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Rangpur Dairy & Food Products Ltd.minorStrategic or Co-development Partner · 21 January 2026Strategic alliance for innovative corporate solutions facilitating seamless payment collection through MeghnaPay digital platform.
• Sheba Fintech LimitedminorStrategic or Co-development Partner · 4 June 2025Strategic alliance offering digital solution for Sheba Fintech Limited clients enabling faster, more secure, and simplified transactions.
• Super Star Group LimitedminorStrategic or Co-development Partner · 24 March 2025Strategic alliance for seamless payment collection for Super Star Group Limited through MeghnaPay digital platform.
• Priyoshop.com LimitedminorStrategic or Co-development Partner · 30 January 2025Strategic alliance for innovative corporate solutions facilitating seamless payment collection for Priyoshop.com Limited through virtual accounts and MeghnaPay.
• Sonali Bank PLCcoreTechnology or Integration · 6 March 2024Partnership enabling customers to pay various government bills and fees using Meghna Bank's digital platform through Sonali Bank's payment gateway. Includes interoperable fund transfers and government disbursements.
• Nagad LimitedcoreStrategic or Co-development Partner · 28 February 2024Strategic partnership enabling MeghnaPay customers for convenient interoperable transaction and payment through Nagad platform, supporting the vision of Cashless Bangladesh 2027. First-ever partnership of its kind in Bangladesh.
• Cocola Food Products LimitedminorStrategic or Co-development Partner · 19 February 2024Strategic alliance for innovative corporate solutions to facilitate seamless payment collection through digital platform including virtual accounts and MeghnaPay.
• CloudWell Digital Services LimitedminorChannel Partner/ Reseller/ Distributor · 11 May 2023CloudWell works as partner distributor of MeghnaPay. MeghnaPay offers mobile recharge, utility bill payment, ticketing and other digital bill payment services through PayWell system.
• Evercare Hospital Dhaka and ChittagongminorStrategic or Co-development PartnerStrategic partnership for providing specialized complementary health screening services for Meghna Bank Priority Banking customers.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BRAC Bank PLC: One of Bangladesh's largest private commercial banks, offering retail, SME, corporate, and digital banking including the Astha app. Closely comparable as a full-service private commercial bank with strong SME and digital focus competing for the same customer segments.
• Dutch-Bangla Bank PLC: Private commercial bank with a strong digital and agent banking footprint, operator of Rocket mobile financial services. Directly comparable on digital wallet strategy, agent banking, and retail-led business model.
• Eastern Bank PLC (EBL): Mid-sized private commercial bank serving retail, SME, and corporate customers with strong digital banking. Direct peer on payment gateway integrations (EBL is also a MeghnaPay partner) and similar product breadth.
• The City Bank Limited: Private commercial bank with retail, SME, corporate, and digital banking products. Direct peer as both a competitor and a MeghnaPay integration partner offering card-based add-money facilities.
• Prime Bank PLC: Private commercial bank offering retail, corporate, Islamic banking, and NRB banking services. Comparable in product mix and target segments, with similar branch-led distribution across Bangladesh.
• Bank Asia PLC: Private commercial bank with comprehensive retail, SME, corporate, and Islamic banking services. Comparable mid-sized competitor with similar footprint across major Bangladeshi cities.
• Mutual Trust Bank Limited: Private commercial bank offering retail, SME, and corporate banking. Direct peer and MeghnaPay partner providing payment gateway and card acceptance services.
• NCC Bank PLC: Private commercial bank with retail, SME, corporate, and Islamic banking windows. Comparable as a mid-tier Bangladeshi private commercial bank competing in similar customer segments.

Emerging players

• bKash Limited: Dominant mobile financial services platform in Bangladesh. While not a direct bank peer, bKash is the principal competitor to MeghnaPay in the wallet and digital payments space and is critical to the competitive context.

Broad incumbents

• Islami Bank Bangladesh PLC: Bangladesh's largest Islamic bank and overall banking sector incumbent. Comparable as the dominant provider of Shari'ah-compliant banking products, directly competing with Meghna's Al-Mustaqeem Islamic Banking window.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

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 Meghna Bank