Shamsuddin Chowdhury, the bank’s additional managing director, and Maruful Islam Jhalak, executive director of Nagad Ltd, formalized the agreement at the bank’s headquarters in Dhaka. This collaboration aims to enhance the influx of remittances into Bangladesh while providing MFS users with a seamless experience for receiving foreign funds.

In a statement released by the bank, it highlighted the significance of the agreement in facilitating convenient access to foreign remittances for MFS users. Among the attendees were Mamun Mahmud, senior executive vice-president and CHRO of the bank, Mohammad Akram Hossain, company secretary, Syed Md Hasib Reza, first vice-president and head of the remittance division, Shah Arafat Hossain, assistant vice-president, and Mohammad Ziaul Hoque, head of remittances at Nagad.