bKash logs Tk109cr profit in Jan-Jun

bKash Limited, country's leading mobile financial service provider, posted that its net profit jumped 185% to Tk109 crore in the January-June period of this year, compared to the previous year at the same time.

According to the company's financial statement, during the April-June quarter of this year, its net profit increased 1,546% to Tk39 crore against the previous year at the same time.

Moinuddin Mohammed Rahgir, Chief Financial Officer of bKash, said, "Like any other sustainable business, bKash, the customer-centric fintech pioneer necessitated patient capital and a growth mindset. Being a textbook company, bKash invested in focusing on the expansion of its technological capabilities, and infrastructure and fostering digital literacy among the stakeholders including millions of customers," 

"Now those strategic investments for more than a decade have been instrumental in establishing the largest digital financial services platform, active customer base as well as the strongest agent and merchant network in the country. All these accumulated in the steady growth in revenue for the company," he added.