Monday, 19 April 2010

Orascom's Bangladesh unit offers mobile remittance

CAIRO (Reuters) - The Bangladeshi unit of Egyptian operator Orascom Telecom said on Monday it is offering mobile remittance services to tap a large unbanked population.

Under the service, banks will offer mobile wallet accounts through Banglalink, the country's second largest mobile operator, Orascom said in a statement.

Dhaka Bank Eastern Bank partnered with Bangalink to offer the mobile remittance services, the southern Asian nation's first.

Remittances from Bangladeshis working overseas are key sources of foreign exchange for the impoverished south Asian country of 150 million people. Read more

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