Standard Bank, Placid Express ink deal to enhance remittance services

Standard Bank PLC recently signed an agreement with the renowned global remittance company Placid Express SDN BHD to expand the range of remittance services.

Under the agreement, expatriate Bangladeshis will be able to send money directly to their beneficiary accounts with Standard Bank and any other bank account in Bangladesh through Placid Express SDN BHD, according to a press release.

Md Siddiqur Rahman, deputy managing director and COO of Standard Bank, and Mohammed Rashid, director of Placid Express SDN HD, signed the agreement on behalf of their respective organisations in the presence of Md Habibur Rahman, managing director and CEO of Standard Bank, at the Standard Bank Head Office in the capital.

Senior officials from both organisations were also present at the signing ceremony.