Home Press Release Western Union Launched Outbound Remittance Service For The First Time in Bangladesh

Western Union Launched Outbound Remittance Service For The First Time in Bangladesh

Western Union Launched Outbound Remittance Service For The First Time in Bangladesh

Western Union has launched Outbound Remittance Service for the first time in Bangladesh, in collaboration with Bank Asia Ltd & Social Islami Bank Ltd, at an event held at The Westin Dhaka. The event was graced by the presence of Mr. Humayun Kabir, Executive Director (FEPD), Bangladesh Bank, Md. Arfan Ali, President & Managing Director, Bank Asia Ltd and Mr. Zafar Alam, Managing Director, Social Islami Bank Bangladesh Ltd. Mr. Gaurav Yadava, Country Director, Western Union, and S.S. Ramanathan, Sr. Country Manager, Western Union, attended the event virtually. The Press Release is about Western Union Launched Outbound Remittance Service For The First Time in Bangladesh.

Mr. S.M. Iqbal Hossain and Mr. Adil Chowdhury, Deputy Managing Directors of Bank Asia Ltd, Mr. Md Yeahia, Additional Managing Director, Social Islami Bank Ltd, Mr. Noor Elahi, Country Manager, Western Union, Mr. Shihab Hasan, Operation Manager, Western Union, Mr. Golam Gaffar Imtiaz Chowdhury, Senior Vice President, Bank Asia Ltd and Mr. Akmal Hossain, Executive Vice President, Social Islami Bank Ltd, were present at the event among others.

Western Union has become the first money transfer operator to offer such a service in the country. As a result, Bangladeshi citizens can now send money for student and medical payments overseas, while expatriates can send back their earnings home. Transfers can be made from their Bank Asia or SIBL accounts into billions of bank accounts, including digital wallets, across 125+ countries and territories and in cash to 200+ countries and regions. As part of the celebrations, a promotional price of Tk. 500 per transaction of any value is also being offered to customers until 30 June 2022.

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