How to send money to bKash from Australia
We strongly believe that sending Bangladeshi Takas to the people in your life should be a fuss-free, simple and fast process.
Sending money is helpful for Bangladesh’s economy as well as your immediate friends and family members. Around 10 million Bangladeshis working all over the globe sent almost $21 billion in remittances in 2021.
What is bKash and how does it work?
bKash is a mobile financial service (MFS) provider in Bangladesh. Users can deposit money into their bKash mobile money account and then access a range of payment and financial services, in particular transferring and receiving money domestically.
The main purpose behind bKash is to provide access to a broad range of financial services for the people of Bangladesh who do not have a bank account or who otherwise do not have access to the financial system. bKash concentrates on serving the country’s low-income masses to achieve broader financial inclusion by providing convenient, affordable and reliable services.
Why is bKash so popular?
bKash provides safe, convenient and easy way to make payments and receive remittances via mobile phones to both baked and unbanked people of Bangladesh.
More than 70% of the population of Bangladesh live in rural areas where access to formal financial services is difficult. Many are in need of these services including the ability to receive payments or simply accessing financial tools to improve their economic circumstances.
Can bKash receive money from Australia?
Yes! You can send international remittance directly to your loved ones’ bKash account in Bangladesh. The easiest is way to send money is to use an authorised remittance service provider. There is no cost for the recipient to receive International Remittance via a bKash account. Infact, if you use a trusted and authorised remittance service provider such as Rocket Remit, your recipient will automatically receive an additional 2.5 per cent of the receive amount.
Each remittance transfer is received directly into the receiver’s bKash account. This means that only they will know about it and be able to fully access the funds.
Can bKash be used outside Bangladesh?
bKash is not available outside Bangladesh. However through bKash’s extensive remittance service provider network, you are able to send money directly to a bKash account in Bangladesh from Australia.
Is bKash safe and secure?
Are you are wondering if bKash is safe? The answer to that question is yes! bKash has been around for quite some time now and it has proven to be one of the most popular mobile wallets in the country and one of the most successful mobile money services in the world.
– money in the bKash wallet won’t be lost even if the mobile phone goes missing
– each transaction you make needs to be authorised by entering a secret PIN (Personal Identification Number)
How much money can I send to bKash from Australia ?
The Government of Bangladesh sets a limit for receiving and spending the money of each bKash user. Make sure that the money you send is within that limit.
With Rocket Remit there is a maximum daily transaction limit of $1000. This is a cumulative daily total and re-sets at midnight AEST. The minimum send amount is $25.
Also, for a limited time, your beneficiary will receive a government incentive of 2.5 per cent for receiving funds through Rocket Remit.
Why remittances are important for Bangladesh?
The idea of working away from home to earn money is not new – it has been going on throughout history. Although the money sent represents only a small percent of the money earned by Bangladeshis. It is often a significant part of a household’s total income in Bangladesh and, as such, represents a lifeline for millions of families.
“It is not about the money being sent home, it is about the impact on people’s lives,”
“The small amounts of $200 or $300 that each migrant sends home make up about 60 per cent of the family’s household income, and this makes an enormous difference in their lives and the communities in which they live.”Gilbert F. Houngbo, President of the International Fund for Agricultural Development, IFAD.
For more information on the importance of remittances, read our blog Why are Remittances essential for the Global Economy?
Money is used for basic living expenses
Money sent home through remittance is used for everyday household expenses such as:
Food, medical treatment, education, clothing and other bills.
We live in a global economy. Shipping and logistics are so efficient, that it doesn’t matter where you live, you can purchase almost anything in the world and have it delivered to you.
To enable this, financial systems have developed to allow money and payment for goods to move freely from one country to another.
How to send money to bKash with Rocket Remit
Rocket Remit is the worlds fastest international money transfer service. Rocket Remit is a remittance service that helps people send money to bKash in the Bangladesh.
Are you supporting a friend or family member with payment to their bKash account? No problem, follow the steps below.
Send money to bKash from Australia
– Create your Rocket Remit account online. Just 3 simple steps to complete and it takes less than 3 minutes.
– Load your Rocket Remit account via debit or credit card, bank transfer or POLi.
– Send money to your recipient all you need is their bKash mobile number.
It’s as simple as that.
You can now check all the details are correct before making your BDT transfer happen.
Which countries have large remittances?
Big sending countries and regions include the US, the UK, Europe, Singapore, Australia and the UAE. The countries with the largest inward remittance flows include Mexico, India, China, Pakistan, Bangladesh and the Philippines.
Why are remittances essential for the global economy? Money sent home through remittance is used for everyday household expenses.
In our region of Australia, many Pacific Island nations also heavily rely on remittance. For example, for Samoa, almost half of the population live outside the country and send money home.
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About Rocket Remit
Rocket Remit is the worlds fastest international money transfer service. Send money instantly to over 48 overseas countries at very competitive rates.
Use the country selector to choose the country and check the rate.
Click here for more information on how to send money using Rocket Remit.