BKash Limited, a subsidiary Brac Band Ltd serving as a financial service provider. To put it differently, it is a movement that is cutting reliance on cash. In addition, increasing the mobile financial service’s (MFS) accessibility.
Not to mention, it is a popular company and deals with TK1000cr worth transactions a day. Recently, bKash propelled a new facility that allows people to transfer funds to non-accountholders.
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From 2011, bKash runs as a payment service provider that offers a broad range of digital financial services. During the ongoing pandemic, it has added around 40 lakh customers, bringing its total client base to 4.43 crore.
Moreover, the company disbursed the salaries and wages of workers at more than 1,000 garment factories during this period as well.
Given these points, this service is part of a host of measures. Therefore, the non-banking financial institution will support customers amid the ongoing COVID-19 pandemic.
“It will make life easier for our customers since they can now complete almost any transaction, such as paying bills or transferring money online to avoid the risk of going outside.”
– Shamsuddin Haider Dalim
(Head of corporate communication at bKash.)
At this instant, BKash users can avail of the service through the bKash app or by dialing *247#.
However, the recipient of the funds transferred through the app will have to open a bKash account within 72 hours in order to withdraw the money. Otherwise, the money would return to the senders’ account within three working days.
Generally speaking, sometimes, emergency funds need the trip from one party to another. In many cases, the recipient may not have a BKash account. Therefore, this new service is to encourage people to open a new account
After opening an account to receive funds, the new customer can avail of other services. For instance, mobile recharge. Especially, to make the service more attractive, bKash is offering Tk 15 cashback on the money sent through the platform until September 30.
At present, users can enjoy a total cashback of up to Tk 500 per month. No charges would apply to send money to non-account holders.
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