BRAC Bank has reached a significant milestone, surpassing $2 billion in remittance inflows in 2025, marking a key achievement in its strong growth trajectory within the remittance market.
The bank's performance highlights both business consistency and growing customer trust, with remittance inflows rising from USD 427 million in 2020 to USD 1.6 billion in 2024. Its strategy centres on digital transformation, innovative customer-driven solutions, and the reinforcement of formal remittance channels, which are vital to the country's economic stability.
Remittances remain one of the country's most critical economic pillars, contributing significantly to foreign currency reserves and supporting millions of households.
Responding to this national priority, BRAC Bank has invested in a modernised remittance ecosystem that prioritises speed, transparency and accessibility for Non-Resident Bangladeshis (NRBs) and their families.
Instant eKYC-enabled global onboarding has been a key driver of this growth. NRBs can now open BRAC Bank accounts remotely within minutes, gaining immediate access to secure, regulated and convenient channels. This simplified entry point has encouraged a shift away from informal networks and strengthened formal remittance participation.
BRAC Bank's introduction of the Probashi Virtual Savings Account has further elevated BRAC Bank's digital leadership. By enabling customers to directly access Astha, BRAC Bank's digital banking platform, NRBs and their families can carry out deposits, transfers to any bank or mobile wallet in Bangladesh, bill payments, mobile recharges, fixed deposits, DPS, and secured loans in a single consolidated interface. This seamless experience has accelerated formal channel adoption across global remittance corridors.
BRAC Bank surpasses $2b in remittance inflows
FE Team | Published: December 10, 2025 23:57:15
BRAC Bank surpasses $2b in remittance inflows
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