Western Union remittance service to bKash account launched

MasterCard, Western Union, bKash, one of the world’s leading mobile financial service (MFS) providers and BRAC Bank, launched a unique, international remittance receiving service in Bangladesh, a press statement said yesterday.
State Minister for Foreign Affairs Shahriar Alam inaugurated the service at aprogramme in the capital yesterday. Bangladesh is the eighth largest receiver of international remittances in the world, and therefore the new service stands to improve the ease and security with which millions of people are able to receive money from their loved ones abroad - a vital lifeline for many families.
The service builds on the unprecedented success of bKash, which has attracted more than 22 million customers since its launch in 2011. Now people around the world can use Western Union’s trusted global network for sending cross-border remittances that can be received by bKash customers. Western Union’s network includes an unparalleled 500,000 agent locations in over 200 countries and territories as well as digital channels such as WU.com and bank account based transfers.
By using the new service, bKash registered customers can receive remittances from any where in the world through Western Union and channel directly into their bKash account, 24 hours a day. The process is-- customers enter the Western Union reference number (MTCN), amount and PIN and the request will be processed using MasterCard’s secure payment technology and funds credited to the bKash account.
The service permits single transaction remittances of up to Tk 35,000 (approximately $500), up to five transactions per customer per day to Tk 115,000 (approximately $1,500), and combined monthly remittances of up to Tk 150,000 (approximately US$1,900) to a maximum of 20 transactions.

Western Union remittance service to bKash account launched

MasterCard, Western Union, bKash, one of the worlds leading mobile financial service (MFS) providers and BRAC Bank, launched a unique, international remittance receiving service in Bangladesh, a press statement said yesterday. State Minister for Foreign Affairs Shahriar Alam inaugurated the service at aprogramme in the capital yesterday. Bangladesh is the eighth largest receiver of international remittances in the world, and therefore the new service stands to improve the ease and security with which millions of people are able to receive money from their loved ones abroad - a vital lifeline for many families. The service builds on the unprecedented success of bKash, which has attracted more than 22 million customers since its launch in 2011. Now people around the world can use Western Unions trusted global network for sending cross-border remittances that can be received by bKash customers. Western Unions network includes an unparalleled 500,000 agent locations in over 200 countries and territories as well as digital channels such as WU.com and bank account based transfers. By using the new service, bKash registered customers can receive remittances from any where in the world through Western Union and channel directly into their bKash account, 24 hours a day. The process is-- customers enter the Western Union reference number (MTCN), amount and PIN and the request will be processed using MasterCards secure payment technology and funds credited to the bKash account. The service permits single transaction remittances of up to Tk 35,000 (approximately $500), up to five transactions per customer per day to Tk 115,000 (approximately $1,500), and combined monthly remittances of up to Tk 150,000 (approximately US$1,900) to a maximum of 20 transactions.