A recent Bangladesh Bank report revealed that Bangladeshi nationals made credit card transactions totaling Tk 579 crore outside the country in December.
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The data indicates a significant portion, 54.49 percent of this amount, was spent in popular destinations such as India, the USA, the UAE, and Thailand. The surge in travel to India for leisure and medical purposes has led to a rise in credit card usage by Bangladeshis there.
Bangladeshi credit cards saw a surge in usage in India last December, with citizens spending Tk 115.6 crore in that month alone. This spike in spending underscores the growing trend of cross-border transactions facilitated by Bangladeshi credit cards outside their home country. The significant expenditure indicates an increasing comfort level and trust among Bangladeshi consumers to use their credit cards internationally.
This data sheds light on how Bangladeshi credit cardholders are embracing the convenience and benefits of using their cards while traveling abroad or shopping online on global platforms. With more avenues opening up for international transactions, it’s evident that these financial tools are becoming an integral part of everyday life for many Bangladeshis, transcending borders and offering greater flexibility in managing finances.
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In contrast to foreign nationals spending Tk 184 crore in Bangladesh during December using credit cards, Bangladeshi nationals significantly surpassed this figure by purchasing products and services worth Tk 579 crore overseas through their credit cards. This trend highlights a growing preference among Bangladeshi travelers for using credit facilities while exploring international destinations.
