Cryptiqo

Financial Technology Blog

In Bangladesh, bKash is now the most popular method of internet fund transfer. Due to its easy and secure method of sending payments across Bangladesh, Brac Bank’s project has gained a lot of support from the general populace. 

Albeit the program was previously only reachable via the USSD systems of the telecom carriers, The platform has created an app to make it easier to use.

Creating profile

To use the program, you must first have an application profile. At the dealer that is closest to you, set up an account with contact information. It is cost-free and easy. 

Install the application and launch it once you have an id. The tool is initially configured in Bangla. Afterward, you can even switch it to English.

Enter your id first, then press the “tick” icon. Once you’ve entered your passcode, press the “tick” icon. The tool will then deliver a verification number to your cellphone, which you must enter in the application’s blank box before pressing the next button. You now have the option to choose the language. 

Select a header picture from the library on your smartphone. You can decide whether or not other Bkash clients can see your photo. Next, click “I accept.” The platform will now request your pin code once more. You are now prepared to use the app after entering the password once more. Keep in mind that you must enter your password each time the app is opened.

What can you find in the app? 

An icon for notifications can be found in the top left corner of the program after installation. You may locate all of your payment alerts here. You will also receive information about various deals. Reports of your activities are also available. The report is valid for the previous 30 days. You can obtain a monthly report of your activities. 

Your regular and monthly pay-in, payout, transfer cash, acquire airtime, and transfer limits can be monitored using the limit feature.

Transactions through the app

Simply pick the “Send Money” feature, type the recipient’s contact, or choose it from your device’s contact list to transfer funds to any bKash account.

You can utilize the “Cash Out” and “Make Payment” options to withdraw money or pay a bill. Simply click it to bring up a screen for making a transaction. You can enter the agent’s contact info here, or you can simply read the QR code that you can locate at the agent’s location. To save time later, you can also store various broker contacts. Just tap the saved number to make a payment or transfer money. 

With the ‘Request Money’ function, you can also ask any bKash user to pay you money. Simply press the choice, enter the number by hand, or choose it from your phone contacts, then enter the appropriate amount and send. Money transfers often take under a minute.

Charge a phone from bKash 

A subscriber can reload his or her other cell number using the “mobile recharge” feature. Dial *247# to access your bKash Smartphone Panel, then select “Mobile Recharge.” After selecting your network and connectivity type, input the cellphone number you wish to reload. 

Add the recharging amount following that. You will receive a verification SMS after entering your PIN to authenticate.

Ending note

The application is still regarded as secure because of how securely it conducts transactions. It is important to note that Ant Financial, the largest Chinese electronic fund transfer company and a subsidiary of the well-known Alibaba group, now owns 20% of bKash. They will be in charge of bKash’s technological and safety advancements.