Mastercard to bKash fund transfer now possible

The country's largest mobile financial service provider bKash yesterday launched a new service enabling customers to transfer funds instantly from Mastercard-branded debit, credit and prepaid cards issued by banks to bKash wallets round-the-clock.

Mastercard, bKash and Southeast Bank jointly introduced the service at a Dhaka hotel. The bank's Mastercard payment gateway solution is connected to the bKash app to enable the transfer.

The transfer limit is Tk 15,000 per day, the same as bKash cash-in limits.

To move funds, customers need to click an “add money” option on the bKash app, select “card to bKash” option and incorporate the bKash account number and the card details.

A one-time password will be sent to the registered mobile number, entering which the transfer can be completed.

Very soon it will also be possible to transfer funds from bKash wallets to bank cards, said Kamal Hossain, managing director of Southeast Bank.

This service will make wallet loading remarkably easier and convenient for Mastercard users and bKash customers, said official of both entities.

This is a significant step towards the journey for a cashless society, said Kamal Quadir, CEO of bKash.

Mashiur Rahman, economic affairs adviser to the prime minister, inaugurated the service while Syed Mohammad Kamal, country manager of Mastercard Bangla-desh, and other senior officials were also present.