First News
Volume:8, Number:03
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THIS WEEK

Mobile Banking Transactions Hit BDT8.44 Billion Daily

| Navid Ahmed |

Mobile-phone banking in Bangladesh now generates a little over BDT8.44 billion in daily transaction as the banking method enjoys a growing popularity. The finance minister told parliament on July 7 that on average clients make around 5 million transactions through mobile financial services or MFS daily. The number of MFS providers is 17 with a customer base of 52.6 million served by 746,000 agents, the minister added. MFS is getting more popular in Bangladesh by the day. The minister also said 88 percent of the 3,725 branches of the state-owned banks provide full online services to their customers. He said donor countries and agencies pledged Bangladesh USD2.45 billion in grants from 2009-10 to 2017. According to the minister, six countries or agencies pledged the fund for improving food storage facilities and 21 others for developing human resources.

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