Market data
Remittance & MFS Intelligence
Bangladesh Bank mobile financial services and remittance intelligence: corridor flows, receiving banks, MFS market share, transaction mix and FX reserves.
Source: Bangladesh Bank (bb.org.bd), Payment Systems Department · report generated 2026-03-27
Total MFS registered accounts
240.4 million
Feb 2025 · Bangladesh Bank
Active MFS accounts
87.15 million (36%)
Feb 2025 · Bangladesh Bank
Licensed MFS providers
13 banks
2025 · Bangladesh Bank
MFS agents nationwide
1,856,190
Feb 2025 · Bangladesh Bank
Annual MFS transaction value
BDT 17.37 lakh crore (~$145B)
2024 · Bangladesh Bank
Total remittance (calendar year)
$32.81 billion — record
2025 · Bangladesh Bank
Remittance FY2025-26 (Jul–Jan)
$19.43 billion (+21.8%)
FY2025-26 · Bangladesh Bank
Gross FX reserve
$35.11 billion
Feb 2026 · Bangladesh Bank
Exchange rate
USD 1 = BDT 122.75
Mar 2026 · Bangladesh Bank
Top remittance source countries
FY 2025-26 · July–January · USD million
- 01Saudi Arabia3,014.5 +51.2%
- 02United Kingdom2,543.2 +72.7%
- 03United Arab Emirates2,447 +7.5%
- 04Malaysia2,031.4 +43.1%
- 05United States1,559.9 -46.3%
- 06Italy1,214.7 +33.3%
- 07Oman1,131.6 +37.6%
- 08Kuwait975.5 +11.4%
- 09Qatar878.2 +39.2%
- 10Singapore806.2 +67.0%
Others 2,830.5 · Total $19,432.8M +21.8%
Top receiving banks
FY 2025-26 · July–January · USD million
- 01Islami Bank Bangladesh PLC4,283.5 +58.4%
- 02Bangladesh Krishi Bank2,083.2 +166.3%
- 03Agrani Bank PLC1,378.4 -3.2%
- 04BRAC Bank PLC1,352.9 +18.0%
- 05Janata Bank PLC1,281.4 +19.5%
- 06Trust Bank Ltd1,163.6 +5.6%
- 07City Bank PLC587.8 +71.1%
- 08Pubali Bank PLC557.3 +144.2%
- 09Eastern Bank PLC549.9 +158.4%
- 10Mutual Trust Bank PLC538.6 +16.6%
Monthly remittance inflow
FY 2025-26 · USD million / BDT billion
MFS market share
Dec 2022 · latest comprehensive split
- bKashBRAC Bank39.9%
~60M customers, $2B+ valuation, BDT 315.77 crore profit (2024)
- NagadBangladesh Post Office18.1%
Launched Mar 2019, fastest growing, 9,886 postal offices
- RocketDutch-Bangla Bank11.7%
First MFS in Bangladesh (Mar 2011), now third
- Others10+ providers30.3%
Upay, mCash, SureCash, MYCash, OK Wallet, TAP and others
MFS transaction composition
Jan 2025 · BDT crore
| Product | BDT crore | Share |
|---|---|---|
| Cash out | 55,516.95 | 32.3% |
| Cash in | 48,988.27 | 28.5% |
| P2P transfer | 44,109.45 | 25.7% |
| Merchant payment | 8,697.31 | 5.1% |
| Salary disbursement | 5,236.02 | 3.1% |
| Others | 3,499.07 | 2% |
| Utility bill payment | 2,359.42 | 1.4% |
| Government payment | 2,018.33 | 1.2% |
| Inward remittance | 1,239.28 | 0.7% |
Foreign exchange reserves
Gross vs BPM6 · USD million
| Period | Gross | BPM6 |
|---|---|---|
| Oct 2025 | 32,335.2 | 27,577.7 |
| Nov 2025 | 31,093.4 | 26,395.8 |
| Dec 2025 | 33,189.8 | 28,589.2 |
| Jan 2026 | 33,178.6 | 28,682.8 |
| Feb 2026 | 35,109.2 | 30,357 |
Signal from the data
- UK remittance surged 72.7% and overtook UAE for the #2 corridor.
- US inflow fell 46.3% — from #1 to #5 in a single fiscal year.
- Islami Bank alone books $4.28B, about 22% of all recorded remittance.
- Bangladesh Krishi Bank (+166.3%), Eastern Bank (+158.4%) and Pubali Bank (+144.2%) are the fastest-growing receivers.
- MFS account activation stays low: 87.15M active against 240.4M registered.