NAGAD, RUPALI BANK SIGN DEAL TO EASE REMITTANCE INFLOW

Nagad, the mobile financial service of the Bangladesh Post Office, and Rupali Bank PLC have signed an agreement to ensure faster and hassle-free delivery of inward remittances to beneficiaries across the country. Bangladesh Bank-appointed Administrator of Nagad Md Motasem Billah and Managing Director of Rupali Bank Kazi Md Wahidul Islam signed the agreement at the head office of Rupali Bank in the capital on Tuesday. Under the agreement, expatriate Bangladeshis can send remittance to Rupali Bank through international exchange houses, money transfer operators (MTOs), or banks. Nagad will then disburse the funds directly into the beneficiaries' mobile wallets on behalf of Rupali Bank, allowing recipients to access and use the money 24/7 from anywhere in the country.