#Title

A CASHLESS TOMORROW
Preparing Bangladesh’s youth with the bKash Student Account
AYMAN ANIKA
In Bangladesh, where digital transformation is rapidly reshaping everyday life, financial literacy among the younger generation has never been more important. From bustling cities like Dhaka to smaller towns and villages, teenagers are growing up in an environment where mobile financial services (MFS) are becoming the norm. Recognising this shift, bKash introduced the Student Account, an initiative aimed at helping students develop smart financial habits while giving parents the security of oversight.
Major General Sheikh Md. Monirul Islam (retd), Chief External & Corporate Affairs Officer of bKash, emphasised the importance of preparing the young generation for the digital financial era.
He stated, “Familiarising the future generation with the digital payment ecosystem is essential for developing their proficiency in financial transactions and management. The introduction of the ‘Student Account’ by bKash serves as an important steppingstone, paving the way for teenagers to embark upon a cashless journey.”
A safe and smart solution for today’s youths
Afia Oni, a 17-year-old student at Government Adarsha Mohila College, recounts her experience with the bKash student account: “I live in Chuadanga away from family. One of my relatives assisted me in opening the account, and my family sends me money through this account every month.”
“I don’t have a lot of monthly expenses, so the amount my parents send is more than enough for me. I’m really happy that bKash has introduced such a convenient and user-friendly service for students like me.”
Like Oni, countless teenagers are increasingly handling financial transactions for school fees, supplies, and daily needs. The bKash Student Account allows them to manage these expenses digitally with the supervision of their parents, reducing the need for cash and minimising the risks associated with carrying money.
As a parent, you might wonder, “Is my child ready to manage money?” The bKash Student Account answers that question with a resounding yes – but with safety nets in place.
Doulot Akter Mala, a working mother, explains why she chose to open a Student Account for her daughter:
“I opened the student account for my daughter out of a sense of insecurity. She is 15 now and goes to her school and coaching classes on foot. In the past, either she lost the money I had given to her or it was stolen. So, I decided she should go cashless and keep the money in her bKash account.”
She adds, “Whether it is for her tuition or outings with friends, my daughter can retrieve the money anytime she wants, as nowadays almost every shop supports bKash transactions. Most importantly, I am a working mother, and it is not always possible for me to give her money, particularly during emergencies. So, I appreciate bKash’s student account service.”
“It has also made it easier for parents like me to keep track of the spending our children make.”
This feature gives parents like Mala the confidence that their children can access funds securely, even when they’re not around.
How to open a bKash student account
Opening a bKash Student Account is a smooth and straightforward process that seamlessly introduces Bangladeshi teenagers to the world of digital finance. It all begins with downloading the bKash app from the Play Store or App Store.
Once the app is installed, the student can select the “Birth Certificate” option after entering their mobile number. The next step involves uploading a clear photo of their digital birth certificate and filling in a few personal details.
To ensure parental supervision, they will then nominate either their mother or father by entering the parent’s active bKash account number. A verification code will be sent to the parent’s number, which must be entered within 48 hours to complete the process.
Empowering the next generation
In Bangladesh’s ever-changing economic landscape, preparing the younger generation to handle financial challenges and opportunities is a mission that goes beyond just saving pocket money.
Financial literacy is a cornerstone of lifelong success, and the bKash Student Account offers teenagers the opportunity to gain this knowledge through real-world experience. By managing their own accounts, teens learn essential skills like budgeting, saving, and responsible spending.
Moreover, this initiative contributes to Bangladesh’s broader vision of a cashless economy. The ability to manage money digitally aligns with Bangladesh Bank’s goal of achieving 75% cashless retail transactions by 2027.
When today’s teenagers grow up to be financially literate and tech-savvy adults, they will be well-equipped to lead the nation toward a more efficient, inclusive, and secure financial future.
Hence, the bKash Student Account is more than just a tool for transactions – it’s a bridge to financial freedom and a stepping stone to a digital future. For parents, it offers peace of mind and security. For teens, it offers independence, confidence, and a head start on financial management.