Agrani Bank launches remittance transfer thru' MoneyGram
FE Report | Wednesday, 25 February 2009
The non-resident Bangladeshis can send their earnings to their families just within 10 minutes and at a lower cost through the services of MoneyGram International Money Transfer, which are available at the 867 branches of Agrani Bank Ltd.
This was announced at the launch of the services of the second biggest international money transfer company in the world at all of the branches of Agrani Bank, one of the leading commercial banks in the country, at a city hotel Monday.
"We are pleased to provide MoneyGram's money transfer services across Bangladesh and to offer the convenience of service between 180 countries and territories," said Syed Abu Naser Bukhtear Ahmed, managing director and chief executive officer (CEO) of Agrani Bank.
"MoneyGram's money transfer service will add value to our customers and widen the array of services that we offer through our outlets," he added.
Harsh Lambah, regional director for South Asia of MoneyGram, said, "Bangladesh is an important market with approximately $8.0 billion remitted to the country in 2008 and it has been forecast that the remittance will reach double-digit mark during the current year. So there is a huge opportunity for this sector."
He said the expatriates can send their money at a reduced cost which is approximately 20 per cent lower than those of other global providers of money transfer services including the number one, Western Union.
"The money can be sent around the world in as little as 10 minutes," he said.
Official data show that over six million people from Bangladesh live abroad, although independent sources put the number at around eight million. 63 per cent of whom are located in the Middle East.
This was announced at the launch of the services of the second biggest international money transfer company in the world at all of the branches of Agrani Bank, one of the leading commercial banks in the country, at a city hotel Monday.
"We are pleased to provide MoneyGram's money transfer services across Bangladesh and to offer the convenience of service between 180 countries and territories," said Syed Abu Naser Bukhtear Ahmed, managing director and chief executive officer (CEO) of Agrani Bank.
"MoneyGram's money transfer service will add value to our customers and widen the array of services that we offer through our outlets," he added.
Harsh Lambah, regional director for South Asia of MoneyGram, said, "Bangladesh is an important market with approximately $8.0 billion remitted to the country in 2008 and it has been forecast that the remittance will reach double-digit mark during the current year. So there is a huge opportunity for this sector."
He said the expatriates can send their money at a reduced cost which is approximately 20 per cent lower than those of other global providers of money transfer services including the number one, Western Union.
"The money can be sent around the world in as little as 10 minutes," he said.
Official data show that over six million people from Bangladesh live abroad, although independent sources put the number at around eight million. 63 per cent of whom are located in the Middle East.