Over 180m MFS users in Bangladesh

Close to 181.1 million users were registered in 13 MFS providers, up more than 16% from 156 million in the same month of 2021

The number of mobile financial service (MFS) users in the country hit the 180 million-mark for the first time ever in July earlier this year.

Close to 181.1 million users were registered in 13 MFS providers, up more than 16% from 156 million in the same month of 2021, Bangladesh Bank figures showed.

More than Tk89,169 crore worth of transactions were done in the said MFS accounts, through cash in, cash out, person to person transfer, merchant payment, government to person transfer, salary disbursement, talk-time purchase, and utility bills payment.

Gender-wise, 104.3 million males use the service, against 76.4 million females, according to the central bank statistics.

There are 1.53 million MFS agents across the country.

The MFS providers are Rocket, bKash, MYCash, Islami Bank mCash, Trust Axiata pay (tap), FSIBL FirstPay SureCash, Upay, OK Wallet, Rupali Bank SureCash, TeleCash, Islamic Wallet, Meghna Bank Tap `n Pay, and Nagad.