Xpress Money expands remittance network in Bangaldesh, partners with Rajshahi Krishi Unnayan Bank (RAKUB)
~ Enables easy access to remittances at 377 branches of RAKUB ~
Caption : Mr. Pijush Chandra Bhowal, General Manager- International Division & Accounts, BKB and Mr. Md. Riaz Uddin Miah General Manager , Rajhashi Krishi Unnayan Bank signed the agreement and exchanged the documents. Mr. Shamim Iftakhar, Country Manager, Xpress Money and other top officials from both the organizations were present at the signing ceremony held on Wednesday at Bangladesh Krishi Bank’s Head Office
Dhaka, Bangladesh, September, 2015: Xpress Money — one of the world's most dependable money transfer brands — today announced a strategic tie-up with Rajshahi Krishi Unnayan Bank (RAKUB), a state-owned bank with a strong foothold in Rajshahi and Rangpur administrative divisions of Bangladesh. RAKUB will work as sub-agent of Bangladesh Krishi Bank; this alliance will enable the families of Bangladeshi expats to easily access remittances via Xpress Money channels through RAKUB's network of branches across the northern part of the country. Xpress Money customers can avail of its ‘Cash to Cash’ service through RAKUB’s 377 branches, which are mostly located in remote areas. Xpress Money now has a strong network of over 12500 agent locations across the country
“We are delighted to have partnered with Rajshahi Krishi Unnayan Bank which provides banking facilities to millions of people at the grassroots level. We intend to play a significant role in the overall economic development of Bangladesh by channelizing the remittance inflows through formal channels,” said Mr. Shamim Iftakhar, Country Manager - Bangladesh, Xpress Money.
He added, “This alliance will help us to serve our customers with superior services in the key expat hubs of Bangladesh.”
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