Dhaka, Bangladesh (BBN)– BRAC Bank Limited and Xpress Money have agreed to launch Card and Mobile-based Remittance Services round the world for their valued remitters and beneficiaries.

An agreement was signed between the two companies in this connection in the capital Dhaka on Monday.

Managing Director and Chief Executive Officer (CEO) of BRAC Bank Syed Mahbubur Rahman and Chief Operating Officer (COO) of Xpress Money Y Sudhir Kumar Shetty signed the agreement on behalf of their respective companies.

Both the companies have also agreed for Real-time Account Credit and Instant Cash Product Services using BRAC Bank’s in house developed mRemit software.

Under the deal, remittance customers of Xpress Money from now on will be able to avail more secured and faster services from more than 1,800 payout locations of BRAC Bank.

BBN/SSR/AD-17Jan11-11:58 pm (BST)