Bank Asia signs remittance disbursement agreement with Nagad

Bank Asia Limited has signed an agreement with Nagad for facilitating cross-border remittance services to Bangladeshi nationals residing abroad by using the latter’s services.

Under the remittance disbursement agreement, Nagad will facilitate inward remittance transactions by disbursing the money in electronic form to the end customers’ wallet account from the partner exchange house/MTOs/banks of Bank Asia Ltd, says a press release received on Thursday.

In presence of Mr. Adil Chowdhury, president and managing director of Bank Asia, Mr S M Iqbal Hossain, deputy managing director of the bank and Mr Sheikh Aminur Rahman, chief corporate affairs officer of Nagad, signed the agreement on behalf of their respective organisations at Bank Asia Tower in Dhaka’s Karwan Bazar.

Mr Adil Chowdhury, President and Managing Director of Bank Asia said, “I am delighted about the successful partnership between Bank Asia and Nagad. Bank Asia has collected remittance from all around the globe through its partner exchange house/MTOs’/Bank and two own exchange houses in the UK and the USA and disburse the same to beneficiary wallet, 24/7 at a cheaper and faster way to serve our valuable diaspora community that will give them the flexibility to cash out the money from door step.”

“Through this partnership, 7.50 crore beneficiaries will be able to receive money to their wallet directly, 24/7 and able to withdraw the money from two lac plus Nagad payout locations around the country.” Said Mr Sheikh Aminur Rahman, Chief Corporate Affairs Officer of Nagad.

Mr ANM Mahfuz, Additional Managing Director, Mr Md Sazzad Hossain, Mr Alamgir Hosssain, Deputy Managing Directors, Mr Md Zia Arfin, Head of International Division, Mr Golam Gaffar Imtiaz Chowdhury, Head of Foreign Remittance Department of Bank Asia and Mr Mohammad Aminul Haque, Executive Director; Mr Md Shihab Uddin Chowdhury, Chief Commercial Officer; Mr Mohammad Ziaul Haque, Head of Remittance Operation of Nagad, among others, were present on the occasion.