reviewxyz9 Bangladesh’s digital payment ecosystem is booming. With over 60 million mobile financial service (MFS) users and rising smartphone penetration, mobile payment solutions in Bangladesh 2025 empower freelancers, SMEs, and entrepreneurs to collect and pay instantly—anywhere, anytime. This guide reviews the top five MFS platforms by market share, features, fees, and ease of use.
5. Tap: The New-Generation Payment Gateway
What Is Tap?
A joint venture by Trust Bank Limited and Axiata Digital Services, Tap is designed for modern e-commerce and in-store transactions.
Key Features
• Fresh, mobile-first interface
• Fast-growing merchant network and API integration
• Supports local and international card payments
Merchant & Business Accounts Requirements
Trade License, TIN, NID, Company Bank A/C, DB ID
Official Website:Â https://trustaxiatapay.com
4. Upay: UCB’s Innovative MFS Solution
United Commercial Bank’s Upay offers competitive fees and a sleek, user-friendly interface—gaining rapid adoption among merchants.
Unique Selling Points
• Low P2P and P2M charges
• Intuitive dashboard for business accounts
• Strong support for recurring payments (utility bills, EMI)
Popular Use Cases
• Utility bill payments
• Merchant collections at retail outlets
Official Website:Â https://upaybd.com
3. Rocket: Dutch-Bangla Bank’s Mobile Banking Pioneer
As one of Bangladesh’s first mobile banking solutions, Rocket has built strong brand loyalty and trust.
Core Features
• P2P/P2M transfers, utility payments, and remittances
• Wide agent network at Dutch-Bangla Bank outlets
• Integration with bank accounts for zero cash-out fees
Recent Trends
• Facing stiff competition from newer apps
• Rolling out merchant QR codes and API for e-commerce
Official Website:Â https://www.dbbl.com.bd/rocket
2. Nagad: The Fastest Growing Mobile Financial Service
Operated by Bangladesh Post Office, Nagad combines low fees with lightning-fast registration—just NID and phone number.
Key Highlights
• Transaction Charges: 0–1 TK for P2P, competitive P2M fees
• Use Cases: Personal remittances, bulk disbursements, business collections
• Agent Network: Rapidly expanding through Post Office outlets
Official Website:Â https://nagad.com.bd
1. bKash: The Most Popular MFS in Bangladesh
bKash, a subsidiary of BRAC Bank, leads the market with over 50 million users. Its extensive agent network, reliable app, and rich merchant ecosystem make it the go-to choice for general users and businesses alike.
Core Features
• P2P transfers, bill payments, and merchant check-outs
• Merchant & Business Accounts: Trade License, TIN, NID, Company Bank A/C, DB ID
• Cash-in/cash-out at 250,000+ agent points
Official Website:Â https://www.bkash.com
Which payment gateway is best for freelancers?
For low-fee P2P transfers and quick payouts, Nagad and Upay are ideal.
How do I open a merchant account?
Submit your Trade License, TIN, NID, company bank A/C, and DB ID through the service’s merchant portal.
Are these services secure?
All five platforms comply with Bangladesh Bank regulations, employ end-to-end encryption, and follow KYC/AML guidelines
