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Top Mobile Money Services In Bangladesh By Market Share

Bangladesh has seen an unprecedented growth of mobile banking services in the past few years. The first mobile money service, bKash, launched in the country in 2011. Today, the company accounts for 58% of market share. In 2015 alone, the value of mobile banking transaction was US$ 1423 million dollar.

Today, Bangladesh accounts for more than 8% of total mobile money accounts globally. The service has grown rapidly, with more than 12 companies offering mobile money services on the market. Competition in the space has heightened in the recent years. Multiple players are now gradually taking into bKash’s market share.

Data: USAID, as of Feb 2015 | Future Startup
Data: USAID, as of Feb 2015 | Future Startup
Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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