Business Report :
For the first time in the country’s Mobile Financial Services (MFS), bKash introduces ‘Student Account’ to prepare the future generation for digital financial transactions, aiming to create a cashless society.
Teenagers from 14 to below 18 years of age can open this account which will be linked to their mother or father’s bKash account. Digital birth certificate, active bKash account number of the mother or father and consent from them are required to open the ‘Student Account’. In line with Bangladesh’s journey towards a smart economy, this ‘Student Account’ is introduced as per the directives of the Bangladesh Bank to bring the new generation under digital financial inclusion.
Available services in ‘Student Account’
The list of services in this account has been created to meet the needs of the teens from 14 to below 18. The services include – payment of school-college fees, daily small purchases, mobile recharge, send money, and bill payment among others. As per the regulations of the central bank, a maximum of Tk 30,000 can be kept in this account.