Dmoney, The New MFS Company Starts Its Operation In Bangladesh2 min read

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Just when we are witnessing the rapid digitalization and tremendous economic growth in Bangladesh, Dmoney Bangladesh has officially started its commercial operation to grab the opportunity.

Dmoney launching event.
Source: Daily Star

On 30th September 2019, Dmoney (the digital payments and services platform) announced its arrival in the Bangladesh market at The Westin Dhaka. All the leading officials of the company were present there. As Dmoney got the PSP (Payment Service Provider) license from Bangladesh Bank in January, they are all set to go.

“We have come up with a technology platform that will further accelerate the advancement of the people. This is an extremely proud moment for us Bangladeshis,” said Dmoney Chairman Mr Anjan Chowdhury.

So let’s talk about this new MFS company. How will you use it? And the most crucial question is- Why will you use it?

You can open a Dmoney account easily from your smartphone. Then you can also connect the Dmoney app with the bank account. You can download the app from the Google play store or the app store.  As a user, you can also bring cash to your Dmoney account from your credit or debit card.

Read More: All You Need To Know About The New bKash App

Now let’s answer the second question.

Within the Dmoney app, you will also find a range of lifestyle services like bill payments, food purchases, insurance, ticketing, and many others. With Dmoney, you will also be able to get different touchpoints to pay bills through QR code. Almost 2,500 online and offline stores accept Dmoney. These are some of the benefits you will have as a Dmoney user.

Having said all that, you have to remember that Dmoney is just a New MFS Company in Bangladesh. Eventually, they will have to face the heat from bKash, which is probably the leading MFS company in Bangladesh at the moment. Moreover, the changes bKash went through recently have made it even a bigger threat for the other companies. The bottom line is that Dmoney has to do some serious hard work to solidify its business in Bangladesh.

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