Western Union in collaboration with Social Islami Bank Ltd (SIBL) and Bank Asia Ltd launched outbound remittance services for the first time in Bangladesh at an event at Westin Dhaka recently.
Humayun Kabir, executive director (foreign exchange policy department) of Bangladesh Bank, Zafar Alam, Managing Director of SIBL and Md Arfan Ali, President and Managing Director of Bank Asia were physically present while Gaurav Yadava, country director of Western Union and SS Ramanathan, senior country manager, attended the event virtually.
Western Union has become the first money transfer operator to offer such a service in the country. Bangladeshi citizens can now send money for student and medical payments overseas, while expatriates can send their earnings back home.
Transfers can be made from their SIBL or Bank Asia accounts into billions of bank accounts, including digital wallets, across more than 125 countries and territories, and in cash to above 200 countries and territories. As part of the celebrations, a promotional price of Tk 500 per transaction of any value is being offered to customers until June 30, 2022.
Md Yeahia, Addl. MD of SIBL, SM Iqbal Hossain and Adil Chowdhury, DMDs of Bank Asia, Golam Gaffar Imtiaz Chowdhury, SVP of Bank Asia, Akmal Hossain, EVP of SIBL, Noor Elahi, country manager of Western Union, and Shihab Hasan, operations manager, were also present at the event among others.
