bKash logged 67% profit growth in 2024

Mobile financial services (MFS) provider bKash posted a rise in profit and revenue in 2024.

The MFS company posted a profit of Tk 315.77 crore in 2024, marking a 67 percent year-on-year increase, according to its latest financial statements.

Revenue for the arm of BRAC Bank also rose by 20 percent year-on-year to Tk 5,058.20 crore during the year.

bKash, which started operations in 2011, has played a significant role in expanding mobile financial services (MFS) across Bangladesh.

BRAC Bank currently holds a 51 percent equity stake in the MFS company, established in 2010, according to its website.

Over the years, bKash has attracted a series of strategic investments from global entities, including the Bill & Melinda Gates Foundation, Alipay Singapore E-Commerce Private Ltd, and SoftBank.