Bangladesh Cards Market is projected to grow at a CAGR of 21.5% in transaction volume from 2025 to 2031

ATM segment by Channel held the highest revenue share in the Bangladesh Cards Market -6Wresearch

ATM withdrawals led in transaction volume in Bangladesh as most of the population prefer cash for daily expenses, especially outside major cities. Limited access to POS machines and digital payment options in rural and semi-urban regions reinforces this trend. Many cardholders, including wage earners and remittance recipients, use cards mainly to withdraw cash rather than for purchases.

According to 6Wresearch, the Bangladesh Cards Market is projected to grow at a CAGR of 21.5% in transaction volume from 2025 to 2031. The Bangladesh cards market is experiencing rapid growth, driven by increasing financial inclusion, accelerated digital adoption, and supportive government initiatives aimed at fostering a cashless economy. The total number of active payment cards has continued to rise steadily, while credit card transactions have maintained a strong annual growth rate. As of December 2024, VISA credit card dominated the market, accounting for all card-based transactions, followed by Mastercard and American Express (AMEX). The remaining share comprised transactions made using other card networks.

The expansion of mobile financial services (MFS) has further transformed the digital payments landscape. Leading platforms such as bKash, Rocket, Upay, and Nagad processed during FY 2022–23. This significant shift toward digital transactions is expected to positively impact the payment cards market.

 As consumers become more familiar and comfortable with digital financial tools, particularly through MFS platforms, the demand for debit, credit, and prepaid cards is projected to increase especially for high-value transactions and in segments such as e-commerce, travel, and point-of-sale (POS) retail. Moreover, the integration of payment cards with mobile wallets and fintech ecosystems is anticipated to further enhance user convenience, transaction speed, and security, driving broader adoption across both urban and semi-urban areas.

According to Shubham Deep, Senior Research Analyst at 6Wresearch, Debit cards hold the highest share in the Bangladesh card market primarily due to their widespread issuance linked to bank accounts, especially for salary disbursements and remittance withdrawals. Most users—particularly in rural and semi-urban areas—prefer debit cards for ATM cash withdrawals, as digital payment infrastructure (POS and online acceptance) is still limited. Additionally, government financial inclusion efforts and employer-linked account openings have further boosted debit card penetration.

Bangladesh Cards Market (2025-2031) report provides an in-depth analysis with 20 figures and 6 tables, covered in 67 pages. The report thoroughly covers the market by card type, channel and end user. Bangladesh Cards Market outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Cards Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.