Dhaka, Bangladesh (BBN)- Robi Axiata Limited and BRAC Bank Limited signed an agreement to stipulate remittance through mobile telecom network.

This is the second bank with which Robi has partnered to activate remittance through mobile telecom network.

This is an easy, convenient and secured way to receive foreign remittance. Selected retailers/distributors of Robi will act as cash out points (accredited by the partner banks) from where the beneficiaries can withdraw their remittance in cash.

Customers of any mobile operator can receive remittance service from Robi Service Partner (RSP) outlet and remittance recipients can get this service free of cost.

Managing Director and Chief Executive Officer (CEO) of Robi, Michael Kuehner and Managing Director & CEO of BRAC Bank Limited Syed Mahbubur Rahman- signed the agreement on Wednesday at the Robi Corporate Office.

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.

This service will give many benefits to the recipients as they will not require any bank account to receive remittance, they can receive the service at their locality and receive hard earned remittance free of cost.

BBN/SSR/AD-07Apr11-12:10 pm (BST)