Over 3.2m DPS accounts opened via bKash app

bKash customers have so far opened over 3.2 million DPS accounts with IDLC Finance, Mutual Trust Bank, Dhaka Bank, City Bank, and BRAC Bank through bKash app from the comfort of their homes.

This trailblazing achievement has been made possible in a span of just three years through the user-friendly bKash app, eliminating the need for paperwork and bank accounts, said a press statement.

The overwhelming response from customers is a testament to bKash's innovative technology and the trust in its partner banks.

A remarkable 96 per cent of the customers, whose DPSs have matured, have expressed the desire to continue their savings journey through the bKash app.

bKash, the country's largest MFS provider, has introduced monthly DPS of IDLC Finance on its platform in 2021.

Following the success of that product, four other commercial banks gradually joined the bKash's platform.

Later, weekly DPS service of two banks and a financial institution was added to the bKash app in early 2024.

Apart from regular DPS, the customers interested in savings as per the Islami Shariah can avail Islamic DPS of City Bank and Dhaka Bank.

bKash has organised a view exchange programme on Tuesday with the stakeholders at a convention centre in the city to celebrate the success and discuss the way forward of digital savings by leveraging the collaboration between MFS and banking sector.

Md Zakir Hossain Chowdhury, Deputy Governor of Bangladesh Bank, addressed the event as the chief guest.

M Jamal Uddin, CEO & Managing Director of IDLC Finance, Syed Mahbubur Rahman, Managing Director & CEO of Mutual Trust Bank, Sheikh Mohammad Maroof, Managing Director & CEO of Dhaka Bank, Mashrur Arefin, Managing Director & CEO of City Bank, and Selim R.F. Hussain, Managing Director & CEO of BRAC Bank, participated in a view-exchange session.

Ahsan Zaman Chowdhury, Managing Director & CEO, Trust Bank, and Kamal Quadir, founder and CEO of bKash, also spoke at the event.

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