Monday, 26 October 2009

BANGLADESH: EBL, RPCF signs agreement to simplify remittance payments

Eastern Bank Limited (EBL) will soon launch multiple remittance services products through their Telco Partners, Visa Card and other electronic payment channels which will simplify the migrant's remittances in Bangladesh.

With this end in view, EBL signed a grant implementation agreement with Remittance and Payments Challenge Fund (RPCF) in Dhaka recently.

Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank Ltd and Robert Smith, Challenge Fund Manager of RPCF signed the agreement on behalf of their respective sides. Senior executives from both the sides were present on the occasion.

Under the agreement RPCF will support the EBL's visionary initiative towards simplification of remittances payments through various Electronic Alternate Payment Channels.

RPCF is the cost sharing grant facility of the remittances and payments partnership between Bangladeshi banks and institutions and UK Department for International Developments. Source

1 comment:

  1. This comment has been removed by a blog administrator.