Dhaka, Feb. 17 -- Mobile Financial Services (MFS) experienced consistent growth in 2024, with total transactions reaching Tk 17.37 trillion - a 28.42 per cent year-on-year increase from Tk 13.53 trillion in 2023, according to the latest report by Bangladesh Bank.

The number of MFS accounts also saw a significant rise. By the end of December 2024, the total number of accounts stood at 238.6 million, compared to 220.4 million in December 2023, reflecting a year-on-year increase of 18.2 million accounts.

Experts noted that the continued rise in mobile banking transactions indicates a growing reliance on digital financial services in everyday life, with further expansion expected in the coming years.

According to central bank data, MFS tra...