Internet banking transactions in the country's financial sector recorded robust growth during the first seven months of the current fiscal year, according to Bangladesh Bank data.
The trend indicates an accelerating shift towards digital financial services, helping save both time and costs.
Transactions through internet banking surged by more than Tk 1.99 trillion, or over 32 per cent, during July-January of FY 2025-26 compared with the same period a year earlier, the central bank said.
Bankers said the strong year-on-year growth reflects increasing reliance on online platforms by both individual users and businesses, as digital payments continue to gain traction across the economy.
They also noted that improved service reliability, wider mobile internet access and the rapid expansion of e-commerce have played key roles in driving transaction volumes.
He added that customers are now more empowered as they can transact both at home and abroad.
Bankers also say retail customers are increasingly using internet banking for everyday activities such as fund transfers, utility bill payments and online shopping.
At the same time, corporate users are shifting bulk transactions, salary disbursements and supplier payments to digital channels.
The Bangladesh Bank has been pushing for greater digitalisation in the financial sector, aiming to reduce cash dependency and improve transaction efficiency.
Initiatives such as enhanced payment infrastructure, stronger regulatory oversight and incentives for digital adoption have supported the upward trend.
However, several challenges persist. Cybersecurity risks remain a concern, particularly as transaction volumes grow.
In addition, limited digital literacy and uneven internet access in rural areas continue to hinder broader adoption.
Digital banking came into prominence during the Covid pandemic, when physical movement was restricted.
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