BRAC Bank, Remit2Home ties up
2012-07-12BRAC Bank partners with Remit2Home to offer an easy and secure way to transfer money back home. An agreement to this effect was signed recently at the bank’s head office in Dhaka between BRAC Bank and TimesofMoney. Remit2Home is an initiative of TimesofMoney. With this association, Remit2Home services shall be available to the Non Resident Bangladeshi (NRB) community staying in US and UK. The NRBs in these countries can use Remit2Home to transfer money online 24x7, directly from their bank account abroad to beneficiaries in Bangladesh.
Syed Mahbubur Rahman, Managing Director & CEO of BRAC Bank Limited said, “This strategic alliance is yet another evidence of BRAC Bank’s devotion to increase the remittance inflow into our country by adopting new technology. This first of its kind service will allow NRBs to transfer money to their loved ones back home from the comfort of their home or office, eliminating the pains of walking to an agent or a bank branch abroad. Also, with transparent flow of money they can rest assured that they get the best value for their money sent. Remit2Home offers the highest levels of data security and online transfer tracking on a localized and intuitive web interface.”
Avijit Nanda, President – Times of Money said, “With its growing diaspora, Bangladesh has a huge remittance potential, which makes it a key focus market for us. With our association with a formidable partner and a new-age bank at BRAC Bank, we believe that this is an opportunity to understand the NRBs better. We are delighted to cater to the NRBs through our Remit2Home service. With best-in-class technology and service, we promise to employ our global expertise to provide a hassle-free cross-border remittance experience.”
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