The promotion includes eight brand-new iPhone 15 Pro devices and 50 cash prizes of BDT 20,000 each for Bangladeshi customers across the UK, European Union countries, Canada, Australia, and Switzerland. This opportunity is open to all customers who send money to Bangladesh through ACE Money Transfer during Ramadan 2024.

Despite a substantial 7.69% surge in remittances over the past seven months, totaling over $2.1 billion in January and February 2024, Bangladesh faced a foreign exchange crisis at the start of the new year. The World Bank projects that remittance inflows to Bangladesh in FY24 will remain stagnant at $23 billion. Economic experts attribute this stagnation to weak dollar exchange rates, leading Bangladeshi diasporas to opt for unregulated channels like Hawala/Hundi.

In response, ACE Money Transfer aims to promote the use of regulated channels to increase remittance inflows to Bangladesh. The company believes that, combined with the government’s 2.5% incentive, the ‘Salam Bangladesh’ promotion will significantly boost remittance flows.

Customers can participate in the promotion by sending remittances to Bangladesh via ACE Money Transfer during Ramadan 2024. Bangladeshi expatriates should use the code ‘BANGLA’ to register for the lucky draws when making remittance transactions via ACE Money Transfer.

Mr. Rashid Ashraf, CEO of ACE Money Transfer, emphasizes, “We are committed to empowering Bangladeshi overseas workers through advanced digital remittance solutions. With deep appreciation for the hard work of our global Bangladeshi diaspora, we pledge steadfast support, excellence in service, and rewarding experiences.”