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bKash, MTB launch remittance service

bKash, MTB launch remittance service

bKash Limited and Mutual Trust Bank Limited on Monday (Jan 15) jointly launched an international remittances service, enabling bKash customers to receive cash directly into their mobile money accounts, said a news release.

State Minister for ICT Zunaid Ahmed Palak inaugurated the service at a hotel in the city as the chief guest along with General Manager of Payment Systems Department of Bangladesh Bank Lila Rashid, who was the special guest. Kamal Quadir, Chief Executive Officer of bKash, and Anis A. Khan, Managing Director and Chief Executive Officer of MTB, were present at the launching ceremony.

The newly-launched service allows Bangladeshis living across the world to use MTBL's partner exchange houses and its affiliated money transfer operators abroad for sending cross-border remittances that can be received by bKash customers instantly-in 24 hours.

The funds can be accessed instantly. Customers can utilise the account balance to make person to person fund transfer, top-up mobile airtime, pay bills and make in-store payment or they can cashout the money via 180,000 bKash agent locations across the country. They can also store the money in their bKash accounts and earn interest on savings.

Earlier, bKash had introduced several international remittance-receiving services in partnership with BRAC Bank and several global money transfer networks including Western Union and TRANSFAST.