bKash is offering 1% extra cash bonus on top of 2.5% government incentive while receiving remittance in bKash wallets sent through banking channels in legal way. bKash cash bonus will be available for any amount of remittance of 15,000 TK and more. As a result, receiver can enjoy a total of
Tag: remittance
Remittance slides to 18-month low
The flow of remittance to Bangladesh fell sharply in November as the country's expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This was the
Forex reserves likely to hit $54b on remittance inflow
Bangladeshis working abroad areexpected to send huge money back home over the next three fiscal years helping the country's foreign currency reserve to hit USD 53.99 billion by the middle of 2023-24 fiscal year. The government projects over a 12 percent increase on average in the inflow of remittance, the key
WB projects lower remittance growth for Bangladesh
Remittance inflow declining continuously
The inward remittance inflow has witnessed a consecutive downtrend in last three months. Last September, the expatriates sent nearly $1.73 billion as remittance to the country, the lowest in the last 15 months. The lowest-ever remittance inflow was recorded in May 2020 earlier with an inflow amounting to $1.50 billion Ahsan H Mansur,
Bank Asia achieves $1b remittance
Bank Asia has achieved the milestone of remittance of 1 billion USD in 2021. The achievement was celebrated with a cake cutting ceremony by Rumee A Hossain, Chairman of the board executive committee on September 13, 2021, a press release said. The occasion was also graced by the presence of Dilwar H
Remittance inflows hit record high of $24.77b in FY21
Remittance inflows hit a record high of US$24.77 billion in the just-concluded fiscal year (FY21), thanks to the expatriate Bangladeshis for sending money amid the Covid-19 pandemic. Expatriate Bangladeshis sent 36 per cent higher remittance in fiscal 2020-21 compared to the same period in the fiscal 2019-20, when it was $18.20
BRAC Bank partners with 5 new remittance exchange cos
BRAC bank has partnered with 5 new exchange companies to channel wage earners’ remittance through its country-wide network, said a press release. The new remittance partners are KL Remit Exchange SDN BHD (Malaysia), CBL Money Transfer (Malaysia), Crown Agents Bank (UK), Hamdan Exchange LLC (Oman) and Global Money Exchange Company (Oman). The