TDS Desk:

bKash, the country’s leading mobile financial service provider and a subsidiary of BRAC Bank, reported a significant 88% year-on-year growth in profit, reaching Tk131.88 crore in the first three months of this year.

According to its financial statement for the January-March quarter, bKash posted a net revenue of Tk1,637 crore, which was 35% higher from the same time a year ago.

In 2024, bKash reported record-breaking revenue, surpassing the Tk5,000 crore mark for the first time, alongside an all-time high profit of Tk315.77 crore.

BRAC Bank holds 51% shares of bKash, while Money in Motion LLC of the US owns 16.45%, Alipay Singapore E-Commerce 14.87%, International Finance Corporation 10.36%, and SVF II BEAM (DE) LLC 7.32% shares.

According to bKash, it currently has around eight crore customers, along with 3.50 lakh agents.

Currently, bKash charges Tk18.50 per thousand for cash out and Tk5 for each fund transfer to another account.