# Rocket (Dutch-Bangla Bank)

> Source: https://docs.barcoder.ai/docs/wallets/rocket-dbbl
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Rocket — DBBL official](https://www.dutchbanglabank.com/rocket/)

## Overview

**Rocket** is **Dutch-Bangla Bank Limited (DBBL)'s pioneering Bangladesh mobile financial service** <sup>[1][1], [2][2], [Bangladesh report](https://docs.barcoder.ai/docs/payments/BD)</sup>. **2025 baseline**:
- **Rocket users**: **20+ million** (some sources: 17M; another: 20M)
- **Rocket agents**: **~239,000 authorized** distributed across all administrative divisions (Dhaka 58,773 + Barisal 22,175 + others)
- **DBBL overall customers**: **57+ million** (parent bank including Rocket)
- **Bangladesh MFS sector**: 239.3M total accounts (May 2025) — Rocket = 3rd-largest MFS provider

**Distinctive Rocket positioning**:
- **2011 launch as Bangladesh's first mobile financial service** by Dutch-Bangla Bank Limited.
- **Predates bKash + Nagad** in Bangladesh's MFS ecosystem.
- **Bank-led MFS model** (vs telco-led MFS alternatives) — Rocket is operated directly by DBBL bank.

**Rocket transaction range**:
- Cash-in + cash-out
- Person-to-person transfers
- Merchant payments
- Utility bill payments
- Salary + government allowance disbursements
- Foreign remittance services
- ATM cash withdrawals via mobile phones

## History

**2011 — Rocket launches by Dutch-Bangla Bank Limited** <sup>[2][2]</sup>: Bangladesh's first mobile financial service.

**2011-2024 — Mass Bangladeshi MFS adoption** <sup>[1][1]</sup>: 20M+ users + ~239K agents.

**2024-2025 — Continued Bangladeshi MFS market position** <sup>[1][1]</sup>: 3rd-largest MFS provider after bKash (#1; 70M+ users) + Nagad (#2; 50M+ registered users + ~30% MFS market share).

**May 2025 — Bangladesh MFS sector 239.3M total accounts** <sup>[1][1]</sup>: Rocket maintains position.

## Ownership & operator

**Operating entity**: **Dutch-Bangla Bank Limited (DBBL)** — Bangladesh commercial bank (DSE: DUTCHBANGL).

**Major shareholders**: **Dutch-Bangla Bank Limited (DSE: DUTCHBANGL)** public float + Bangladeshi institutional investors.

**Regulators**: **Bangladesh Bank**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | DBBL Rocket mobile app (iOS + Android) + USSD + ~239,000 Rocket agents + DBBL ATM network (Bangladesh's largest ATM network) |
| **Identifiers** | Phone + Bangladeshi ID |
| **License** | Mobile Financial Services (MFS) + Bank (DBBL parent banking license) |
| **Sub-products** | Rocket Account + Rocket Cash-in/Cash-out + Rocket P2P transfers + Rocket Merchant Payments + Rocket Utility Bill Payments + Rocket Salary/Government Allowance Disbursements + Rocket Foreign Remittance + Rocket ATM cash withdrawal |
| **Bangladesh MFS rank**: 3rd-largest (after bKash #1 + Nagad #2) |
| **DBBL distinctive**: Bangladesh's largest ATM network (parent bank context) |

## Users & growth

**2025 baseline** <sup>[1][1]</sup>:
- **Rocket users**: 20+ million
- **Rocket agents**: ~239,000 authorized (Dhaka 58,773 + Barisal 22,175 + others across all administrative divisions)
- **DBBL overall customers**: 57+ million
- **Bangladesh MFS sector (May 2025)**: 239.3M total accounts; Rocket = 3rd-largest MFS provider

## Use cases

Bangladesh MFS via Rocket: cash-in + cash-out + P2P transfers + merchant payments + utility bill payments + salary + government allowance disbursements + foreign remittance services + ATM cash withdrawals via mobile phones; DBBL bank-led MFS model (vs telco-led MFS alternatives).

## Implementations & partners

**Operator**: **Dutch-Bangla Bank Limited (DBBL)** — Bangladesh commercial bank (DSE: DUTCHBANGL).

**Major Bangladeshi MFS competitors**:
- **[bKash](https://docs.barcoder.ai/docs/wallets/bkash)** (Batch 3 covered; BRAC Bank + Money in Motion + Ant Group + IFC; Bangladesh's #1 MFS; 70M+ users)
- **[Nagad](https://docs.barcoder.ai/docs/wallets/nagad)** (Batch 19 covered; Bangladesh Post Office subsidiary; Bangladesh's #2 MFS; 50M+ registered users + ~30% MFS market share)
- **[Upay (উপায়)](https://docs.barcoder.ai/docs/wallets/upay)** (Batch 19 covered; UCB Fintech; UCB-affiliated)
- **mCash** (Islami Bank)
- **SureCash** (Mishell Group + Progoti Systems)

**Regulator**: **Bangladesh Bank**.

## Fun facts

- **Bangladesh's first mobile financial service** (2011 launch by DBBL) — predates bKash + Nagad.
- **DBBL Rocket 20+ million users + ~239,000 agents across all administrative divisions** (2025).
- **Bangladesh MFS 3rd-largest provider** after bKash (#1; 70M+) + Nagad (#2; 50M+).
- **DBBL parent**: 57+ million customers across overall bank.
- **Bangladesh's largest ATM network** (DBBL parent bank context).
- **Bank-led MFS model** (vs telco-led MFS alternatives) — Rocket operated directly by DBBL bank.
- **Dutch-Bangla Bank Limited (DSE: DUTCHBANGL) parent** — Bangladeshi listed bank.

## Comparison

| Feature | Rocket (DBBL) | [bKash](https://docs.barcoder.ai/docs/wallets/bkash) (Batch 3; BD #1 MFS rival) | [Nagad](https://docs.barcoder.ai/docs/wallets/nagad) (Batch 19; BD #2 MFS rival) | [Upay (উপায়)](https://docs.barcoder.ai/docs/wallets/upay) (Batch 19; UCB Fintech rival) | mCash (Islami Bank rival) |
|---|---|---|---|---|---|
| Operator | **Dutch-Bangla Bank Limited (DSE: DUTCHBANGL); bank-led MFS model** | bKash (BRAC Bank + Money in Motion + Ant Group + IFC) | Nagad Limited (Bangladesh Post Office subsidiary; state-postal-driven) | UCB Fintech (UCB affiliate) | Islami Bank |
| Type | **BD's first MFS (2011) + Rocket bank-led MFS model + DBBL Bangladesh's largest ATM network** | BD #1 MFS | BD #2 MFS (state-postal-driven) | BD MFS (UCB-affiliated; UCB-Upay co-branded prepaid card) | BD Islami Bank-anchored MFS |
| Country | Bangladesh | Bangladesh | Bangladesh | Bangladesh | Bangladesh |
| Users | **Rocket 20M+ users + ~239K agents + DBBL 57M overall customers + BD MFS 3rd-largest** | bKash 70M+ users (BD #1) | Nagad 50M+ registered users + ~30% MFS market share + 2025 Tk 3.80 lakh crore (~$31.5B) annual tx | Upay 130K+ agents; blockchain + cryptographically secured QR; UCB-Upay co-branded prepaid card | Islami Bank-anchored MFS |
| Distinctive | **BD's first MFS (2011 launch); ~239K agents across all administrative divisions; DBBL Bangladesh's largest ATM network; bank-led MFS model; foreign remittance services** | BD-dominant MFS; BRAC Bank + IFC anchor; mobile-money-style scale | Bangladesh Post Office heritage; Jan 2025 BDT 40,301 crore monthly record; Nov 2025 NPSB cross-MFS interop | Mar 2021 launch; UCB Fintech; blockchain + cryptographically secured QR; UCB-Upay co-branded prepaid card | Islami Bank-affiliated |

## Status

**Active, Bangladesh's first mobile financial service** <sup>[1][1], [2][2]</sup>:
- **Dutch-Bangla Bank Limited (DSE: DUTCHBANGL)** with Rocket since 2011 (Bangladesh's first MFS).
- **Rocket 20+ million users + ~239,000 agents** across all Bangladeshi administrative divisions.
- **DBBL overall customers**: 57+ million.
- **Bangladesh MFS 3rd-largest provider** after bKash (#1) + Nagad (#2).
- **Bangladesh's largest ATM network** (DBBL parent bank context).
- **Bangladesh Bank regulated**.

## Sources

[1]: https://www.dutchbanglabank.com/rocket/rocket.html "Rocket — DBBL official"
[2]: https://www.dutchbanglabank.com/rocket/about.html "Rocket Model — DBBL official"
[3]: https://www.banksbd.org/dbbl/rocket.html "Rocket by Dutch-Bangla Bank — banksbd.org"
[4]: https://grokipedia.com/page/Dutch-Bangla_Bank "Dutch-Bangla Bank — Grokipedia"
[bd-cro]: https://docs.barcoder.ai/docs/payments/BD

- [1] [Rocket — DBBL official][1]
- [2] [Rocket Model — DBBL official][2]
- [3] [Rocket by DBBL — banksbd.org][3]
- [4] [Dutch-Bangla Bank — Grokipedia][4]
- <sup>[Bangladesh report](https://docs.barcoder.ai/docs/payments/BD)</sup> In-corpus: `reports/countries/BD-bangladesh.md`

## Source

Biography extracted from [rocket-dbbl.md](https://docs.barcoder.ai/source/wallets/rocket-dbbl). See `matrix.md` for standards-support matrix if present.