Bank Asia, Nagad pen deal on remittance services

Bank Asia signed an agreement with Nagad recently facilitating cross-border remittance services for Bangladeshi nationals residing abroad. 

SM Iqbal Hossain, deputy managing director of the bank, and Sheikh Aminur Rahman, chief corporate affairs officer of the mobile financial service provider, inked the deal at Bank Asia Tower in Kawran Bazar, Dhaka on Tuesday, said a press release.

"Bank Asia collects remittance from all around the globe through its partner exchange houses/ money transfer operators/banks and two own exchange houses in the UK and the US," said Adil Chowdhury, president and managing director of Bank Asia.

"…and disburse the same to beneficiary wallets in 24 hours at cheaper and faster way to serve our valuable diaspora community that will give them the flexibility to cash out the money from their doorsteps," he said.

"Through this partnership, 7.50 crore beneficiaries will be able to receive money to their wallets directly in 24 hours," said Sheikh Aminur Rahman, chief corporate affairs officer of Nagad.

"…and…withdraw the money from two lakh plus Nagad payout locations around the country," he added.

ANM Mahfuz, additional managing director of the bank, Md Sazzad Hossain and Alamgir Hosssain, deputy managing directors, Md Zia Arfin, head of international division, Golam Gaffar Imtiaz Chowdhury, head of foreign remittance department, and Mohammad Aminul Haque, executive director of Nagad, Md Shihab Uddin Chowdhury, chief commercial officer, and Mohammad Ziaul Haque, head of remittance operation, were present.