WorldRemit and Xpress Money Launch Instant Money Transfers to Bangladesh
Digital money transfer service WorldRemit and global money transfer brand Xpress Money have partnered to open up new remittance routes to Bangladesh expected to further support the growing demand for instant remittances in the country.
Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected as cash pickup from most major banks in Bangladesh including Sonali Bank, Bangladesh Krishi Bank, Agrani Bank Limited, Janata Bank Limited, Bank Asia, Brac Bank, Rupali Bank Limited, Pubali Bank, Rajshahi Krishi Unnayan Bank, Islami Bank Bangladesh, Uttara Bank, Southeast Bank, Bank Asia, National Bank, Dutch Bangla Bank Limited, First Security Islami Bank Limited and United Commercial Bank.
Remittances play a very important role in the economy of Bangladesh – the country received $15 billion in remittances in 2015 or almost 10% its GDP, according to the World Bank.
With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations. WorldRemit, known as the ‘WhatsApp of money’, makes sending a remittance as easy as sending an instant message.
Xpress Money is one of the fastest growing instant money transfer companies, present in 160 countries through 180,000 cash payout locations across the globe. It has regional offices in 25 countries including UK, USA, Canada, Australia, Hong Kong, Philippines, United Arab Emirates and India, amongst others.
Ismail Ahmed, founder and CEO at WorldRemit, comments “We want to offer our customers the widest and most convenient choice of payout options. Xpress Money is a trusted and dependable money transfer brand with a fantastic network of agents across the world. Our partnership will extend our footprint into new territories and will enable even more people to make secure, instant money transfers.”
Sudhesh Giriyan, COO at Xpress Money, added, “Customer convenience ranks high on our list of priorities; through this partnership with WorldRemit we are elevating that level of our customers’ convenience as they can now send money at their fingertips, whenever they want, through the WorldRemit app or website. It is ideal to have partnered with a like-minded brand as WorldRemit, that is also working towards a similar objective that benefits the end customer. The remittance industry is at a juncture where is it necessary for brands to collaborate for the sake of the industry at large. We are happy to be setting the right example and hope for other brands to follow suit.”