Top 7 Mobile Banking in Bangladesh 2023

Adecade ago, the concept of accessing financial services without visiting a physical bank branch was unheard of. When mobile phones gained popularity in Bangladesh in the 1990s, no one could have imagined that they would eventually become a primary means for conducting various financial transactions.

When mobile financial services (MFS) or mobile banking first emerged about ten years ago, there were doubts about their acceptance. However, a decade later, services like bKash, Rocket, and Nagad have become essential components of our financial interactions.

In Bangladesh, several well-known banks offer mobile banking services. This article aims to introduce you to some of the most popular mobile banking services in the country.

With the advent of the internet, mobile banking has revolutionized the way we transfer money. Registered customers can now transfer money conveniently with just a few clicks.

Customers using mobile banking services can access their accounts directly through their mobile phones, eliminating the need to wait in long bank queues. Moreover, this approach not only saves time but also allows for speedy money transfers within seconds.

The charges for cashing out in mobile banking depend on the respective company's policies. Some companies offer free cash outs for promotional purposes or lower cash out fees. It's advisable to check the current cash in and cash out charges online before using the service. Here is a list of popular mobile banking services in Bangladesh:

1. bKash
2. Nagad
3. Rocket
4. mCash
5. SureCash
6. Upay
7. Trust Axiata Pay (Tap)

Here is a list of the top 7 mobile banking services in Bangladesh in 2023: 1. bKash:

bKash is a mobile banking service provided by BRAC Bank, a well-known bank in Bangladesh. It was launched in July 2011 and has become immensely popular. You can access bKash by dialing *247#.

2. Nagad:

Nagad is an innovative and trustworthy mobile banking service initiated by the Bangladesh Post Office on November 11, 2018.It offers essential services like Cash-In, Cash-Out, Send Money, and mobile recharge. Nagad has a user-friendly mobile app, and you can access it by dialing *167#.

3. Rocket:

Rocket is Dutch Bangla Bank's mobile banking system, introduced in May 2011.Initially known as Dutch Bangla Bank Mobile Banking, it was later renamed Rocket. You can use Rocket by dialing *322#.

4. MCash:

MCash allows you to perform various transactions through an Islami Bank Bangladesh Limited Mobile Bank Account.Services include depositing, withdrawing, recharging, transferring funds, and making purchases. MCash was launched in 2019 and can be accessed via *259#.

5. SureCash:

SureCash is a mobile banking system offered by Rupali Bank Limited, serving banks, NGOs, mobile network operators, and payment partners.It provides services such as utility payments, online mobile recharge, and government transactions. To use SureCash, dial *495#.

6. Upay:

Upay is a comprehensive mobile banking app provided by UCBL (United Commercial Bank Limited). It aims to promote financial inclusion by serving unbanked citizens in Bangladesh. You can access Upay through *268#.

7. Trust Axiata Pay (Tap):

Trust Axiata Pay (Tap) is a relatively recent addition to the mobile banking landscape in Bangladesh. It is offered by Trust Bank Limited and Malaysian telecom giant Axiata. To use Tap, you can dial *733# or *201# (t-cash menu).

These mobile banking services have transformed the way people handle their finances in Bangladesh, making transactions more accessible and convenient.