bKash
This merchant-friendly solution simplifies collection and management of revenues that are generated in Bangladesh. The account is aimed at small stores, e-commerce sites and businesses that have the opportunity to easily receive digital payments.
With access to a large number of subscribers using the services, businesses can manage their transactions smoothly. All the while offering their customers greater convenience. The account is integrated with App to monitor transactions instantly, easy account management and reporting.
| Feature | Details |
|---|---|
| Regions | Bangladesh |
| Getting Started | 2011 |
| Commission per Transaction | Varies; typically around 1.5% |
| Payment Methods Accepted | bKash Wallet, Visa, Mastercard |
| Fraud & Risk Management | Integrated security measures |
| Accepted Currencies | Bangladeshi Taka (BDT) |
| Setup Type | Online registration and integration |
| Onboarding & Approvals Time | Varies; typically a few days |
| SDK Stacks | APIs available for integration |
| Settlement Time | Typically within 24 hours |
| Payouts Support | Bank transfers, agent cash-out |
| RegionsBangladesh | |
| Getting Started2011 | |
| Commission per TransactionVaries; typically around 1.5% | |
| Payment Methods AcceptedbKash Wallet, Visa, Mastercard | |
| Fraud & Risk ManagementIntegrated security measures | |
| Accepted CurrenciesBangladeshi Taka (BDT) | |
| Setup TypeOnline registration and integration | |
| Onboarding & Approvals TimeVaries; typically a few days | |
| SDK StacksAPIs available for integration | |
| Settlement TimeTypically within 24 hours | |
| Payouts SupportBank transfers, agent cash-out |
Pros
- Merchants can access over 70 million global active users
- Cash-out charges are reduced compared to personal accounts
- There are no restrictions on the number of payments collected
- Payments can be accepted via QR codes, payment links or websites
- Funds can be seamlessly transferred to linked bank accounts
Cons
- Payments from other merchants or agents cannot be received
- Cash-out is primarily through bank transfers, with no immediate availability
- To set up an account, compliance with policy requires a business license and a bank account
- Merchant accounts cannot perform 'Send Money' transactions
Advantages of Using bkash money transfer
Businesses and their clients benefit from a payment account equipped with tools to simplify transactions:
- Tokenized Checkout. Ability for customers to securely save their payment details for quicker future transactions.
- Subscription Payments. Businesses can automate recurring payments for services or products.
- Instant Refunds. Refunds are processed immediately for customer convenience.
- Direct Charges. Merchants can initiate payments directly from customer accounts with consent.
- B2C Payouts. Businesses can send payments directly to customers or beneficiaries.
- APIs. Seamless integration into platforms is enabled through robust APIs.
These functionalities work together to provide a seamless, reliable, safe merchant payment experience that benefits both buyers and businesses.
How to Transfer Money Using bKash?
Payment dashboard provides an easy medium of cash transfer. The following are the step-by-step procedure on how to open account and send money:
- Access merchant dashboard: Open app on your smartphone or Dial *247# from your mobile phone.
- Select 'Send Money': Tap on the 'Send Money' option in the app or Choose the 'Send Money' option from the menu on the USSD option.
- Enter the recipient's payment account for transfer the funds.
- Specify the value you wish transfering.
- Add a reference (optional) for the transaction.
- Review all the information to ensure accuracy.
- Provide your provider PIN to finalize the payment.
You and the receiver will also get SMS notifications about the transaction.
bKash Money Transfers versus Other Providers
Find out how this system stacks against other digital payment solutions in Bangladesh to find the best fit.
| Paments gateway | Rate | Fee | Country | Currency | Website |
|---|---|---|---|---|---|
 Paykassma | 1000$ | Bangladesh | USD | Open |
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FAQ
What is bKash payment?
bKash Bangladesh is a mobile financial service. It facilitates transferring funds, settling bills, and making payments to merchants. It can be operated through an app or USSD *247#.
Is this gateway available in the USA?
bkash for business is not directly available in the USA. However, Services such as WorldRemit and Remitly allow for transfers to accounts within Bangladesh's financial systems.
