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Tags : Remittance


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Prime Bank launches SME card with remittance facility

Prime Bank PLC on Tuesday launched Bangladesh’s first-ever SME debit card with international remittance facility, enabling small and medium enterprises to make seamless international online payments for business purposes...

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BRAC Bank partners with VeloxPays

BRAC Bank has partnered with VeloxPays Pty Ltd, a new remittance service provider, to deliver an app-based remittance experience for wage earners in Bangladesh...

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Govt services for migrant labour must improve

REMITTANCE earnings of migrant workers significantly contribute to the economy. Yet, government services for them remain inadequate and unsatisfactory. In a multi-stakeholder consultation meeting in Dhaka on September 30, civic groups called on the government to improve its labour migration services. The government agencies, mainly the Bureau of Manpower...

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Tech-based initiatives stressed to boost remittance inflow

Money Transfer Operators and bankers have emphasised the need to embrace next-generation technologies to boost remittance inflows, as expatriates prioritise low-cost, secure, and instant money transfers to their families in Bangladesh...

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Banks’ dollar holdings drop despite high inflow

The dollar holdings of Bangladesh’s commercial banks declined in August despite a rise in remittance inflows and export earnings, as the central bank’s large-scale dollar purchases and increased import payments drained banks’ foreign currency balances...

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NRBs’ remittance saves economy: Yunus

Lauding the role of non-resident Bangladeshis, Chief Adviser Professor Muhammad Yunus on Sunday said the remittance of Bangladeshi expatriates saved the country’s economy after the July uprising...

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Remittance inflow $2.42b in Aug

Remittance inflow into Bangladesh grew by 8.9 per cent in August compared with the same month a year earlier, reflecting sustained momentum in migrant workers’ earnings sent through formal channels.

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Agent banks’ remitting in rural areas rises

Agent banking outlets disbursed Tk 1.65 lakh crore remittances to rural areas in April–June this year, reflecting their growing role in bringing migrant workers’ earnings directly into the hands of families in remote parts of Bangladesh...

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Forex reserve crosses $30b again

The country’s gross foreign exchange reserve has once again crossed $30 billion amid increased remittance and export earnings...

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Trust Bank secures $1b inward remittance

Trust Bank PLC has reached a significant milestone of $1 billion in inward remittance within July, capturing a 5.70 per cent market share among the 60 scheduled banks in Bangladesh to date, said a press release...

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Remittance inflow surges by 29pc

Remittance inflow has soared by 29.47 per cent in July compared with that in the same month in the previous year...

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Current account returns to surplus after 8 years

Bangladesh’s current account balance returned to surplus in the fiscal year 2024–25 for the first time in eight years, driven by a surge in remittance inflows and export earnings, alongside sluggish import growth reflecting weak investment demand...

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NALA launched to ease remittance inflow

NALA, a US-based financial services company, has recently launched its services in Bangladesh aiming to simplify sending remittances to the country, said a press release...

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Remittance inflow rises by 32pc in July

Bangladeshi expatriates have sent inward US$2.36 billion in remittances in the first 30 days of July, the first month of the current fiscal year 2025-26...

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Sonali Bank announces remittance campaign winners

Sonali Bank PLC on Thursday announced the highest remittance recipient and three recipients by lottery for the month of April, May and June under its Remittance Campaign of 2025...

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Current account deficit reduces in July-May

Bangladesh’s current account deficit reduced much in the first 11 months of the 2024–25 fiscal year, mainly due to a strong rise in remittance inflows...

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Reforms, higher incentives push remittances to $30b

Bangladesh recorded an all-time high of $30.32 billion in remittance inflows in the 2024–25 fiscal year, reflecting a 26.8 per cent year-on-year jump, due to some government  measures including higher cash incentives, streamlined regulations, and efforts to boost formal transfer channels...

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Remittances $2.54b in June

Bangladesh’s remittance inflow has witnessed 7.1 percent year-on-year growth, reaching $2.54 billion in the first 28 days of June...

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Bangladesh’s Forex reserve soars to $22.65b

Bangladesh’s gross foreign exchange reserves, calculated under IMF guidelines, soared to $22.65 billion on Wednesday amid fresh disbursements from the International Monetary Fund, World Bank and strong remittance inflows...

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BRAC Bank promotes remittance products in Cumilla

BRAC Bank has recently organised a customer engagement event at Daudkandi in Cumilla, aimed promoting its remittance products such as ‘Probashi Poribar’ and ‘TARA Probashi Poribar,’ a press release said...

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Remittance inflow surges

Remittance inflow has soared by 29 per cent in July-May period in 2025 compared with that in the same period in the previous year...