Bangladesh’s Digital Payment Ascent

According to the latest Payment Systems report of Bangladesh Bank, in 2024, while ATM withdrawals remain significant at BDT 677 billion, they are now dwarfed by Internet Banking Fund Transfer (IBFT), which settled a staggering BDT 1,961 billion. A 68% surge proves users prefer frictionless digital transfers over cash, making internet banking the ultimate smart spending tool.

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The steady rise of merchant accounts in MFS platforms like bKash, Nagad, Rocket etc is the critical bridge connecting consumers to a cash-lite lifestyle. The consistent growth in both urban and rural merchant accounts ensures that businesses move from cash-only checkouts and open doors to participate in the modern economy.

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Virtually issued cards,  bypass the need for plastic cards. Prepaid cards  secure online payments. Loading exact amounts ensures budget control and superior cybersecurity compared to traditional cash or plastic ones.
 In 2025, nearly 88% of new prepaid cards were virtual, offering instant financial inclusion.