The total number of merchants of MFS was around 50,000 in 2017 which shot up 60% in just 1 year and today the number stands at 1 lakh. In February, the amount of payment through MFS stood at BDT 429.83 crore which was only BDT 115.43 crore in the same period of time last year. The reason for this spike has been identified as MFS operators providing cashbacks and discounts for making payments through them.
MFS payment tripled during last year
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