Prime Bank Limited has recently signed an agreement with Wave Foundation for disbursing remittance of different international exchange companies, a press release said Monday.
Under this agreement, Prime Bank will utilize branches of Wave Foundation for payments of remittances channeled from remittance companies to respective beneficiaries. For this, Wave Foundation will get access to relevant processing system for payment of those remittances.
This will be facilitated by 127 branches of Wave Foundation across Bangladesh.
Shams Abdullah Muhaimin, Deputy Managing Director of Prime Bank Limited, and Mohsin Ali, Executive Director of Wave Foundation, signed the agreement on behalf of their respective organizations.
Syed Faisal Omar, Head of Financial Institutions, Prime Bank, Anwar Hossain, Deputy Executive Director, Wave Foundation, and senior officials of both organizations were also present.
