Internet banking transactions increased by Tk1,99,545 crore in the first seven months of the fiscal year, marking a 32.19 per cent growth compared with the same period a year earlier, according to Bangladesh Bank data.
Transactions rose 15.35 per cent month on month in January to Tk1,36,348 crore, up by Tk18,142 crore from December.
The growth reflects rising popularity of internet banking, which enables instant transactions round the clock without the need to wait at bank counters.
Mobile financial services (MFS) remained the largest segment, with transactions rising 3.13 per cent in January to Tk1,72,919 crore, up by Tk5,244 crore.
bKash EVP and Head of Corporate Communications and Public Relations Shamsuddin Haider Dalim said the increase reflects growing public trust.
“The increase in MFS transactions is driven by growing public trust. This trust has been built over the past 14 to 15 years through the efforts of MFS platforms, including bKash,” he said.
“Transactions that once required time, travel, and waiting in queues at counters can now be completed via mobile phones,” he said.
He said users are now utilising a wider range of services, with many customers using 14 to 15 services compared with one or two earlier.
Year on year, MFS transactions rose 5.41 per cent during July to January, adding Tk56,981 crore.
Credit card transactions increased 2.78 per cent in January to Tk4,395 crore, up by Tk119 crore from the previous month.
During July to January, credit card spending rose by Tk6,534 crore, marking a 30.61 per cent year-on-year increase.
Transactions through automated teller machine (ATM) and cash recycling machine (CRM) booths surged 71.61 per cent year on year in January.
Point of sale (POS) and e-commerce transactions also rose by 28.02 per cent and 18.46 per cent respectively.
Debit card transactions increased 3.85 per cent month on month to Tk46,091 crore in January, up by Tk1,708 crore.
During July to January, debit card transactions rose by Tk45,989 crore, marking a 17.89 per cent year-on-year increase.
ATM and CRM transactions grew 17.65 per cent, while POS transactions rose 24.19 per cent compared with the same month last year.
However, e-commerce transactions using debit cards declined by 8 per cent during the period.
Electronic fund transfer (EFT) transactions rose 5.08 per cent month on month to Tk76,065 crore in January, up by Tk3,678 crore from December.
