Bangladesh Bank Governor Ahsan H Mansur announced that transactions through mobile financial services (MFS) in Bangladesh are expected to exceed Tk 25 lakh crore in 2025, up from the current annual transaction volume of Tk 17 lakh crore. This growth is attributed to the increasing adoption of digital transactions in the country.
Speaking at an event in Dhaka, Mansur highlighted the rapid expansion of digital financial services and emphasized the importance of continuous system upgrades to ensure efficiency and security. He also discussed the Bangladesh Bank’s recent update of the Real-Time Gross Settlement (RTGS) system, which now operates seven days a week and supports multi-currency transactions.
Mansur revealed that the Bangladesh Bank is also working on launching a mobile interoperability platform to allow seamless fund transfers between different mobile financial service providers and bank accounts. This initiative aims to enhance financial accessibility and convenience for users.
According to Khairul Anam, additional director of the Payment Systems Department at Bangladesh Bank, 84% of all banking transactions are now digital, with 56% processed through digital platforms and 28% via MFS. The RTGS system, which handles large-value transactions, supports transactions in seven currencies, including taka, US dollar, and British pound.
Ali Reza Iftekhar, managing director of Eastern Bank, praised the RTGS for its role in making transactions faster, cost-effective, and secure. However, he stressed the need for stronger security measures to address the growing risk of cyber threats as the financial sector becomes increasingly digitized.
