DHAKA, Jan 2, 2025 (BSS) - Expatriates have sent remittances legally to over 4 million unique bKash accounts of their loved ones back home.

This convenience of being able to send remittances easily, instantly and securely has increased remittance inflow in the country.

Expatriates have sent 65% more remittances through bKash in 2024 compared to 2023, which has also played pivotal role in strengthening the country's foreign exchange reserves, said a press release.

As a vital lifeline for the country's economy, these hard-earned remittances from expatriates are boosting the country's foreign exchange reserves and contributing to macroeconomic stability.

To facilitate this, bKash has created a robust ecosystem for expatriates, to send remittances easily and securely.

Currently, expatriates from over 140 countries can send remittances through 110 international Money Transfer Operators (MTOs), which are settled instantly in the recipient's bKash account through 25 leading commercial banks in the country.  

Remittance through bKash can be sent and accessed anytime anywhere. Families of the expatriates can utilise remittance to take various services through their bKash accounts, including paying for goods and services, utility bills, send money, mobile recharges, educational and government fees, donations and many other services from the comfort of their homes.

 In addition to offering convenient, instant and secure remittance transfers, bKash has lowered cash-out fees.

Beneficiaries can now withdraw remittances at a minimal cost of Taka 7 per thousand from approximately 2,500 ATMs of 19 leading commercial banks.

Furthermore, as part of its ongoing efforts to encourage expatriates to send remittances through legal channels, bKash frequently introduces attractive offers.