Considering the fallout of Coronavirus outbreak in the country, the Bangladesh Government announced a bailout package to help all export-oriented sectors pay wages to their workers.
Subsequent to the Government’s move, the central bank of the country, the Bangladesh Bank, asked all the entrepreneurs to start opening mobile financial service (MFS) accounts of their workforce to ensure easy and hassle-free salary disbursement.
As per recent reports, which cited data received from the country’s apex garment makers’ body, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), around 19.20 lakh MFS accounts have been created so far since 4 April.
Of these 19.20 MFS accounts, 4 lakh have been opened through Nagad, 9.70 lakh through Bkash and 5.50 lakh through Rocket.
It may be mentioned here that Bkash, Nagad and Rocket are three prominent MFS providers in Bangladesh.