Bangladesh's Pubali Bank, Merchantrade Ties Up For Faster Remittance

NEW DELHI, Sept 2 (Bernama) – A private commercial bank in Bangladesh, Pubali Bank, has tied up with Malaysia’s biggest remittance service provider, Merchantrade Asia Sdn Bhd, to provide faster and better service to migrant workers and families. The service will enable the families to withdraw money within a minute the remittance is made at a Merchantrade branch, Bangladesh’s The Daily Star reported quoting Pubali Bank’s Deputy Managing Director Safiul Alam Khan Chowdhury as saying. The English daily said Merchantrade would provide personal identification numbers to remitters, which their family members can present to any Pubali branch to withdraw the money remitted. Merchantrade has 62 branches and more than 60 official agent locations in Malaysia featuring more than 170,000 payment networks across Asia. There are about 1.6 million Bangladeshi workers who repatriate money to Bangladesh from Malaysia. -- BERNAMA