Western Union, Bank Asia, SIBL launch outbound remittance service

Western Union in collaboration with Bank Asia Ltd and Social Islami Bank Ltd (SIBL) 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, Md Arfan Ali, president and managing director of Bank Asia, and Zafar Alam, managing director of SIBL, were physically present while Gaurav Yadava, country director of Western Union, and SS Ramanathan, senior country manager, attended the event virtually, a press release said.
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 Bank Asia or SIBL 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.
SM Iqbal Hossain and Adil Chowdhury, deputy managing directors of Bank Asia, Golam Gaffar Imtiaz Chowdhury, senior vice-president, Md Yeahia, additional managing director of SIBL, Akmal Hossain, executive vice-president, Noor Elahi, country manager of Western Union, and Shihab Hasan, operations manager, were also present.