Mobile financial services changed how Bangladesh sends money and makes payments, but market competition has failed to keep pace
Business Plus
Mobile financial services changed how Bangladesh sends money and makes payments, but market competition has failed to keep pace
11 July 2026, 00:00 AM
Md Mehedi Hasan
Photos: Azahar Uddin and Titu Das
Bangladesh’s remittance boom is being blunted by costly transfers and stubborn food inflation.
Bangladesh’s transition to a digital economy is no longer a distant ambition. Mobile financial services, internet banking,…
Remittance inflows reached a record high of $35.5 billion in fiscal year 2025-26 as Bangladeshis working abroad sent more money…
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BRAC Bank PLC processed a record $2.97 billion in inward wage earners’ remittances in fiscal year (FY) 2025-26, making it…
Bangladesh receives around $24-27 billion in remittances each year, placing the country firmly in the global top 10, ahead of…
