APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    MoneyGram Expands Mobile Wallet Network in Asia through Integration with bKash in Bangladesh

    MoneyGram is leading the evolution of digital P2P payments. With a purpose-driven strategy to mobilize the movement of money  

    MoneyGram Expands Mobile Wallet Network in Asia through Integration with bKash in Bangladesh

    By

    Apac CIOOutlook | Thursday, December 02, 2021

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Fremont, CA: MoneyGram is leading the evolution of digital P2P payments. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people around the world over the last five years.

    MoneyGram International, the global leader in the evolution of digital P2P payments, has integrated its mobile wallet network with bKash, Bangladesh's leading mobile financial service (MFS) provider. This is the most recent integration in MoneyGram's ongoing collaboration with Thunes, a B2B company that powers payments for the world's fastest-growing businesses. With the launch of this feature, more than 55 million bKash wallet users in Bangladesh will now be able to receive funds instantly from anywhere in the world.

    "The digitization of our receive network is a core component of our growth strategy, and this latest integration can help improve the financial lives of millions of bKash wallet users in a large and growing market," remarked Alex Holmes, MoneyGram Chairman and CEO. "As we recently announced, total transactions received digitally through the MoneyGram platform reached a new all-time high in the third quarter of this year, with 63% year-over-year growth, and this partnership will further support this strong growth. As consumer preferences shift toward receiving transfers digitally, MoneyGram is committed to offering innovative financial solutions and is well-positioned to meet these demands."

    Remittances continue to play an important role in many parts of the world, particularly in Asia, while demand for digital options and mobile wallets continues to rise. According to the World Bank, an estimated 22 billion USD in remittances flowed into Bangladesh in 2020, accounting for nearly 7 percent of the country's GDP that year. This latest integration with bKash will expand access to direct remittance services and aid in the acceleration of financial inclusion in Bangladesh.

    bKash is a leading and rapidly growing player in Bangladesh's digital landscape. bKash wallets can be used to pay for a variety of products and services, including utility bill payments, mobile recharge, and payments for various food delivery and ridesharing services, in addition to receiving real-time remittances. A study released earlier this year by the Bangladesh Institute of Development Studies (BIDS) found that household incomes for bKash users had increased by 

    More in News

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/moneygram-expands-mobile-wallet-network-in-asia-through-integration-with-bkash-in-bangladesh-nwid-8634.html