Money
Remittances

bKash Limited (a subsidiary of BRAC Bank) is a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, USA.

Burgess COMMENTARY

Peter Burgess

Company profile

bKash Limited (a subsidiary of BRAC Bank) is a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, USA. The ultimate objective of bKash is to ensure access to a broader range of financial services for the people of Bangladesh. It has a special focus to serve the low income masses of the country to achieve broader financial inclusion by providing services that are convenient, affordable and reliable.

More than 70% of the population of Bangladesh lives in rural areas where access to formal financial services is difficult. Yet these are the people who are in most need of such services, either for receiving funds from loved ones in distant locations, or to access financial tools to improve their economic condition. Less than 15% of Bangladeshis are connected to the formal banking system whereas over 50% have mobile phones. These phones are not merely devices for talking, but can be used for more useful and sophisticated processing tasks. bKash was conceived primarily to utilize these mobile devices and the omnipresent telecom networks to extend financial services in a secure manner to the under-served remote population of Bangladesh.

Mr. Muhammad A. (Rumee) Ali Chairman

Mr. Shib Narayan Kairy Director

Mr. Syed Mahbubur Rahman Director

Mr. Shameran Abed Director

Mr. Iqbal Quadir Director

Mr. Nicholas Hughes Director

Mr. Arun Gore Director

Professor Dr. Jamilur Reza Choudhury Director