Dhaka, Bangladesh (BBN)- Robi Axiata Limited, a mobile phone operator, and Eastern Bank Limited (EBL) have begun a mobile remittance for the first time in the country to facilitate Bangladeshi expatriates living abroad to transfer money through mobile phone.
Mobile remittance service, which has done wonders in other emerging market economies, will allow seamless and real-time fund transfer from one person's bank account to another.
This is an easy, most convenient and secured way to receive foreign remittance. Selected retailers/distributors, Robi Service Partners, will act as cash out points (accredited by the partner banks) from where the beneficiaries can withdraw their remittance in cash.
Managing Director and Chief Executive Officer (CEO) of Robi, Michael Kuehner and Managing Director & CEO of Eastern Bank Limited, Ali Reza Iftekhar were present at the launching ceremony of the remittance service held at a restaurant in the city recently.
In order to collect remittance beneficiary needs to show and submit a photocopy of original identity document (National ID/passport/driving license) & transaction ID to the Robi Service Partner (RSP) outlet. Upon diligent verification RSP will payout the remitted amount to the beneficiary.
Initially the service will be launched at RSP's of Dhaka, Comilla and Chittagong region. Gradually the service will spread out all over Bangladesh.
Customers of any mobile operator can receive remittance service from RSP and remittance recipients can get this service free of cost.
BBN/SSR/AD-20Apr11-4:20 pm (BST)
