Transactions through MFS, cards increases in September
Transactions through mobile financial services (MFS) in September rose by Tk2,911 crore or 4.67% compared to that in August.
According to the recent data published by the Bangladesh Bank (BB), transactions amounted to Tk65,141 crore in September. The figure was Tk62,230 a month earlier.
The number of active MFS users has also seen substantial growth during this period.
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Over 21 lakh new accounts were created within the span of just 30 days.
The total number of MFS accounts in the country, as of September, stood at 10.64 crore (without the data collected from Nagad).
As per central bank data, the amount of MFS "cash-in" was Tk19,777 crore in September, while "cash-out" was Tk16,794 crore, while users spent Tk2,936 crore to buy various products.
The month of September also saw an upward trend in the usage of debit, credit, and prepaid cards. Transactions through these cards were recorded at Tk24,560 crore – a rise of Tk2,408 crore (2.44%) from August.
Debit card transactions stood at Tk22,522 crore in September from August's Tk20,934 crore.
Besides, credit card transactions in September stood at Tk1,839 crore. The figure was Tk1,678 crore in August.
Meanwhile, prepaid card transactions increased by Tk20 crore in September as opposed to that recorded in the previous month.
