Bitget Wallet has officially expanded its Bank Transfer feature into Bangladesh, partnering with strategic licensees to bridge the gap between digital assets and local payment infrastructure. The new integration enables users to convert supported stablecoins, such as USDT and USDC, directly into Bangladeshi Taka (BDT). These funds can then be seamlessly transferred into leading local mobile financial services, specifically bKash and Nagad.
Bypassing P2P risk in a mobile-first economy
The launch taps into a heavily mobile-first financial ecosystem. As of early 2026, Bangladesh’s mobile financial services sector boasted more than 238 million accounts—a remarkable figure for a nation of approximately 174 million people. Daily transaction values across these mobile networks currently exceed $260million.
Alvin Kan, COO of Bitget Wallet, highlighted the importance of integrating with this existing architecture. “Mobile-first financial services have become the backbone of everyday payments in markets like Bangladesh,” Kan stated. He noted that by connecting stablecoins directly to platforms like bKash and Nagad, the firm is making it significantly easier for users to move between on-chain assets and local payment systems.
Crucially, this integrated payout channel provides a more direct conversion path for common use cases, such as sending money to family or cashing out stablecoin earnings for everyday expenses. In many emerging markets, users are typically forced to rely on informal peer-to-peer (P2P) marketplaces to convert their crypto into local currency, a process that can involve significant counterparty risk, manual matching delays, and inconsistent pricing. Bitget Wallet’s solution entirely removes these third-party intermediaries.
Scaling a global ‘PayFi’ network
The expansion into South Asia aligns with broader macroeconomic trends regarding digital asset adoption. Bangladesh currently ranks 14th in the Global Crypto Adoption Index, a position driven heavily by retail payments and value-preservation use cases. Globally, stablecoins now account for around 30 per cent of all on-chain transaction volume, underscoring their rapidly growing utility in practical applications like cross-border payments and remittances.
For Bitget Wallet, which currently serves more than 90 million users worldwide, the Bangladesh rollout follows similar Bank Transfer integrations recently launched in Nigeria and Mexico. The move forms a core part of the self-custodial wallet’s broader effort to build a comprehensive global “PayFi” network that seamlessly connects on-chain assets with established local financial systems.
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