bKash ranked 23rd on Fortune's 'Change the World' list

Mobile financial service provider bKash has recently been ranked 23rd on Fortune's third annual “Change the World” list.

Fortune's Change the World list recognises companies that have had a positive social impact through activities that are part of their core business strategy, according to a statement.

On the list, JPMorgan Chase ranked first and Apple third.

Fortune writers and editors with the help from partners FSG and Shared Value Initiative evaluate and rank the companies by three factors: social impact, business results and degree of innovation.

Fortune is one of the most influential and respected business magazines, published from the United States.

Some 22 percent of Bangladeshi adults use bKash to make payments and transfer money via phones, Fortune said.

More than 4.5 million transactions pass through the system every day, making it the country's most popular mobile financial service provider, the magazine said.

"We are excited to be named in Fortune's Change the World list, which is the result of collaborations and supports by all our stakeholders to drive a common goal of creating financial access for Bangladesh's common people,” said Kamal Quadir, CEO of bKash.

“This recognition would not come without our employees' relentless hard work, our customers' trust and confidence in our services, and above all our regulator's policy design allowing us to serve the mass through a regulated financial system.”