bKash, Bangladesh’s leading mobile financial services (MFS) provider, reported a sharp rise in profit and revenue in 2024.

According to its latest financial statements, the BRAC Bank subsidiary posted a profit of Tk 315.77 crore, up 67 percent year over year. Revenue for the year reached Tk 50.58 billion, marking a 20 percent increase.

Founded in 2010 and operational since 2011, bKash has played a pivotal role in reshaping Bangladesh’s financial landscape through mobile-based services. BRAC Bank currently holds a 51 percent stake in the company.

The growth trajectory has also been fuelled by strategic backing from global investors such as the Bill & Melinda Gates Foundation, Alipay Singapore E-Commerce Private Ltd, and SoftBank.

Analysts say bKash’s strong performance highlights rising adoption of digital payments in both urban and rural areas, amid a broader push for financial digitisation in the economy.