Digital Payments and Economic Growth: Analyzing the Contribution of bKash to Bangladesh’s GDP

Jishan Mahmud
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Jishan Mahmud: Dhaka University, Dhaka, Bangladesh

International Journal of Research and Innovation in Applied Science, 2024, vol. 9, issue 2, 55-63

Abstract: This study investigates the contribution of bKash, a prominent mobile financial service provider, to Bangladesh’s GDP and analyzes the broader implications of digital payments on the country’s economic growth. The research is motivated by the transformative shift in financial transactions globally with the rise of digital payments, and Bangladesh’s increasing embrace of such solutions for financial inclusion. The study explores the efficiency gains, poverty reduction, and economic development associated with digital payments, drawing on existing literature and global trends. The research focuses on bKash, which has played a crucial role in providing financial services to the unbanked population in Bangladesh. Despite its success, there is a noticeable gap in comprehensive studies examining bKash’s economic impact. The study aims to fill this void by assessing the role of bKash in promoting digital payments, analyzing its impact on Bangladesh’s GDP, and providing policy recommendations. The methodology employs a secondary research design, relying on secondary data from academic journals, reports, and government publications. The findings indicate a positive correlation between bKash transactions and Bangladesh’s GDP growth. bKash has not only facilitated financial inclusion but also positively impacted employment, economic inclusion, and inflation. Challenges such as cybersecurity threats and regional disparities exist, necessitating regulatory clarity, cybersecurity investments, and targeted initiatives for inclusive growth.

Date: 2024
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