Bitget Wallet has expanded its Bank Transfer feature into Bangladesh, partnering with strategic licensees to connect digital assets with the country’s local payment infrastructure. The integration allows users to convert supported stablecoins, including USDT and USDC, directly into Bangladeshi Taka, with funds transferable into bKash and Nagad, the country’s two leading mobile financial service platforms.
The move taps into one of South Asia’s most dynamic mobile-first financial ecosystems. As of early 2026, Bangladesh’s mobile financial services sector has over 238 million accounts, a striking figure for a country of approximately 174 million people, with daily transaction values across these networks exceeding $260 million.
Alvin Kan, COO of Bitget Wallet, underscored the significance of working within this existing architecture. He noted that mobile-first financial services have become the backbone of everyday payments in markets like Bangladesh and that connecting stablecoins directly to platforms like bKash and Nagad makes it substantially easier for users to move between on-chain assets and local payment systems.
A key advantage of the integration is its elimination of informal peer-to-peer conversion channels. In many emerging markets, users are forced to rely on P2P marketplaces to convert crypto into local currency, a process prone to counterparty risk, manual delays, and inconsistent pricing. Bitget Wallet’s solution removes these intermediaries entirely, offering a more direct path for everyday use cases such as family remittances and cashing out stablecoin earnings.
The Bangladesh rollout also aligns with broader global trends. The country currently ranks 14th on the Global Crypto Adoption Index, driven largely by retail payments and value-preservation use cases. Globally, stablecoins now account for roughly 30 per cent of all on-chain transaction volume, reflecting their growing role in cross-border payments.
For Bitget Wallet, which serves over 90 million users worldwide, the Bangladesh expansion follows similar Bank Transfer integrations launched recently in Nigeria and Mexico, forming part of the platform’s wider push to build a global “PayFi” network linking on-chain assets to established local financial systems.
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