Citi Joins With Bangladesh Post Office to Expand Distribution Network
A new partnership in Bangladesh between the post office and Citibank will help citizens working abroad send money safely home.
Citibank, N. A. Bangladesh and the Bangladesh Post Office on Sunday signed a correspondent network arrangement to help facilitate payments for the banks clients, specially the remittances of Bangladeshis working abroad.
This is the first time that a commercial bank is setting up such a unique correspondent network arrangement with the Bangladesh post office, a Citibank press statement says in the capital, Dhaka on the day.
The agreement was signed by AKM Rafiqul Islam, director (mails), on behalf of Bangladesh Post Office and Parvez Murshed, vice-president and acting head of transaction services of the Citibank NA, Bangladesh.
The signing ceremony was also attended by Mobasherur Rahman, Director General, Bangladesh Post Office, Mamun Rashid, Managing Director and Citi Country Officer- Bangladesh and other senior officials.
A new partnership in Bangladesh between the post office and Citibank will help citizens working abroad send money safely home.
Citibank, N. A. Bangladesh and the Bangladesh Post Office on Sunday signed a correspondent network arrangement to help facilitate payments for the banks clients, specially the remittances of Bangladeshis working abroad.
This is the first time that a commercial bank is setting up such a unique correspondent network arrangement with the Bangladesh post office, a Citibank press statement says in the capital, Dhaka on the day.
The agreement was signed by AKM Rafiqul Islam, director (mails), on behalf of Bangladesh Post Office and Parvez Murshed, vice-president and acting head of transaction services of the Citibank NA, Bangladesh.
The signing ceremony was also attended by Mobasherur Rahman, Director General, Bangladesh Post Office, Mamun Rashid, Managing Director and Citi Country Officer- Bangladesh and other senior officials.
“With 10,000 outlets and 40,000 staff Bangladesh Post Office is ready to serve for the benefit of the people. Very soon post office department is computerizing its major offices and then we will be able to help organization who wants to reach the last mile,” Mobasherur Rahman says in the statement.
Speaking at the event Mamun Rashid said, “We have presence in Bangladesh since 1987 and today we are furthering our commitment by expanding our network with the assistance of Bangladesh Post Office.”
