bKash, a mobile financial service in Bangladesh, has introduced a new service that enables instant fund transfers to its e-wallet utilising Mastercard-branded debit, credit and prepaid cards issued by banks.

The new service utilises Southeast Bank’s Mastercard Payment Gateway Service.

bKash add money service

The service will enable the bKash users to add money to their own accounts as well as to other accounts. Currently, the transfer limit is BDT15,000 ($178) daily, reported thedailystar.net.

To transfer funds, the users need to tap ‘add money’ option on the bKash app interface. Then they are required to select ‘card to bKash’ option and add bKash account number and the card details.

The transaction completes after the user feeds the OTP they received on they their registered mobile number .

The new bKash fund transfer service will enable the users to add money in their wallets anytime swiftly.

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In future, the bank plans to launch a service that will enable users to transfer funds from bKash wallets to bank cards.

Operating under the authority of Bangladesh Bank, bKash enables the users to deposit money in their mobile accounts and then use it for various purposes.

The service was started as joint venture between BRAC Bank in Bangladesh and Money in Motion of the US.