BRAC Bank, J.P. Morgan launch new remittance service

BRAC Bank PLC and J.P. Morgan Payments have launched 'Xpedite Select Receipt' facility to facilitate inward remittance. The 'Xpedite Select Receipt' facility by J.P. Morgan enables customers to conveniently receive remittances in 40 different currencies. This is a secured and fast bank-to-bank process to receive money directly to the customer's BRAC Bank account in Bangladesh. Earlier, BRAC Bank also enrolled in J.P. Morgan Xpedite Select Payments which offers outward payments in 120 currencies across the globe. This cross-border payment facility enables BRAC Bank PLC to provide customers with a seamless and safe remittance service. Meheriar M. Hasan, Chairperson, and Md. Shaheen Iqbal, Deputy Managing Director and Head of Treasury & FI of BRAC Bank PLC, along with other senior officials were present at the launching ceremony held at the BRAC Bank's Head office recently. J.P. Morgan executives Kiat Seng Lim, Global Head of Financial Institutions Group; Shibu Thomas, Head of APAC Product Solutions Specialist; and Sazzad Anam, Head of Bangladesh Office, also attended the event.