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Mobile banking clients exceed five million

  • Published at 07:07 am June 11th, 2013
Mobile banking clients exceed five million

The number of mobile banking customers in the country has exceeded five million, Bangladesh Bank (BB) said on Monday.

Mobile financial services began in 2010, with the aim to spread banking services among poor people, and to help villagers receive remittances from expatriate relatives securely and without trouble, BB Governor Atiur Rahman said.

Scheduled banks responded to the central bank’s initiative, and as a result, the number of clients reached 5.25m in April this year. A total of Tk1.2bn is being transacted daily through mobile banking, according to BB figures.

BB data show that the total number of transactions by mobile banking was more than 15m in April, compared to about 14m in March. The total transaction value stood at Tk36.4bn in April, which was Tk33.3bn in March.

AFM Asaduzzaman, general manager of the governor’s secretariat, said BB has approved 26 banks to provide mobile banking, while 17 of them have already started the service.

Meanwhile, BB has plans to bring garment workers under the mobile banking system, and is discussing the issue with trade bodies like the BGMEA and BTMEA.

“Our economic scenario will change if readymade garment workers come under this service, and BB is trying to make that a success,” said the governor.