UCB, NEC Money Transfer sign remittance deal

United Commercial Bank (UCB) signed an agreement with NEC Money Transfer Ltd on remittance services.

Arif Quadri, managing director and CEO of the bank, and Ikram Farazy, chairman of NEC Group, inked the deal at the bank's head office in Dhaka on Monday, said a press release.

NEC Money Transfer is a provider of cross-border remittance services and the trusted choice of Bangladeshi expatriates around the world for sending money safely and easily to their loved ones in Bangladesh, it said.

Other senior officials of both the bank and the money transfer company also were present.