bKash, the country’s largest mobile financial service (MFS) provider, has now allowed each of its customers to send money to their respective five favourite bKash numbers without any charges.
A media statement issued on March 1st that under this new facility, by using the bKash app or dialling *247#, 5 crore bKash customers can now send money of up to Tk 25,000 free of charge every month. The initiative was taken by the company to make it easier for the customers of transactions, especially for the marginal people.
A recent analysis has shown that almost 90 per cent of customers, through MFS transactions, ‘Send Money’ to a maximum of 5 persons and up to Tk 25,000 in a month. Hence, this method was initiated so that most of the customers can now send to their near and dear ones for no charges.
Any customer can now add a maximum of 5 bKash customer accounts in the favorites category (Priyo numbers) in his or her bKash account in every calendar month. The numbers then can be changed from the category after one month.
Customers can add Priyo numbers in a few easy steps through bKash app or dialing code *247#. However, in the scenario when the customers want to send more than Tk 25,000 per month, a charge of Tk 5 on each transaction will be applicable, and on any amount above Tk 50,000, Tk 10 charge will be applicable for the customers.
The service of bKash was initiated in an attempt to alleviate the hassle of transferring money to the closed ones. Since that time, bKash has gained the customers’ trust by bringing more ground-breaking services with the course of time.
At the same time, Send Money has become an essential part of the lives of millions of customers. Through this service, people outside the formal banking channels began to come under financial inclusion, which later paved the way for greater digital financial transactions in the country.