Sending money from India to Bangladesh has become easier with digital payment systems like UPI (Unified Payments Interface) and bKash. However, since UPI is an India-based system and bKash is exclusive to Bangladesh, a direct transfer is not possible. But don’t worry! There are alternative methods to convert UPI to bKash safely and efficiently.
In this guide, we will explore the best ways to send money from UPI to bKash, along with exchange rates, fees, and trusted platforms.
Can You Directly Transfer Money from UPI to bKash?
Currently, there is no direct way to transfer money from UPI to bKash because they operate under different financial ecosystems. UPI is regulated by NPCI (National Payments Corporation of India), while bKash operates under Bangladesh Bank regulations.
However, you can still send money using third-party exchange services or international remittance platforms that support transactions between India and Bangladesh.
Best Methods to Transfer UPI to bKash
Here are the most reliable ways to convert UPI balance to bKash:
1. Online Money Exchange Platforms
Several third-party exchange services allow users to send money from UPI to bKash. These platforms act as a middleman, accepting payments via UPI in India and depositing the equivalent amount in bKash wallets.
Steps to use an online exchange platform:
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Choose a trusted UPI-to-bKash exchange service.
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Register an account and verify your identity.
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Enter the amount you wish to send and provide the bKash number.
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Pay through UPI (Google Pay, PhonePe, Paytm, etc.).
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The service will convert and send money to the recipient's bKash account.
Popular Exchange Platforms:
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ACE Money Transfer
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Remitly
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Instarem
🔹 Pros: Fast and convenient 🔹 Cons: Service charges may apply, and rates can fluctuate
2. International Money Transfer Services
Many official remittance services allow direct money transfers from India to Bangladesh. These platforms enable users to pay via debit card, net banking, or UPI and send funds to bKash accounts.
Steps to use an international remittance service:
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Sign up on a trusted remittance platform.
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Choose Bangladesh as the recipient country.
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Select bKash as the delivery method.
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Enter the recipient’s bKash number and amount.
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Pay via UPI and complete the transaction.
Popular Services:
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Western Union
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Wise (formerly TransferWise)
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MoneyGram
🔹 Pros: Reliable and regulated services 🔹 Cons: May take longer and involve higher fees
3. Peer-to-Peer (P2P) Exchange
A P2P exchange involves finding a trusted individual or service that can accept UPI payments and send equivalent funds to a bKash account.
Steps for a P2P exchange:
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Find a reliable and verified exchanger.
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Send UPI payment to the exchanger.
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Share the recipient’s bKash number.
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Receive confirmation once funds are deposited.
🔹 Pros: Instant transfer and low fees 🔹 Cons: Risk of fraud if the exchanger is not trustworthy
Exchange Rates & Fees for UPI to bKash Transfers
The exchange rate and transaction fees depend on the platform used. Here are some factors to consider:
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Exchange rate: The INR to BDT rate fluctuates daily.
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Service fees: Each platform has different processing fees (typically 2-5%).
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Processing time: Some services process instantly, while others take 24-48 hours.
To get the best rate, check multiple platforms before making a transaction.
Is It Safe to Transfer Money from UPI to bKash?
Yes, it is safe if you use trusted and regulated platforms. Always follow these precautions:
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Use verified remittance services.
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Avoid unverified P2P transactions.
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Check user reviews before using an exchange service.
Final Thoughts
While a direct UPI to bKash transfer is not possible, you can easily send money using exchange platforms, remittance services, or P2P transactions. Always compare fees and exchange rates to get the best deal.
By choosing the right method, you can ensure a fast, secure, and cost-effective transfer from UPI to bKash!
Have you tried any of these methods? Let us know in the comments below!
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