Tag: Bangladesh

Western Union's money transfer service thru' postal dept launched

Western Union’s Money Transfer Service through Bangladesh Postal Department was launched yesterday, making an easy way for the expatriates to send home money from abroad.

This facility will be available initially at 450 post offices across the country enabling people to receive remittances easily and quickly. The service will be extended to other post offices of the country in phases.

Special Assistant to the Chief Adviser for Social Welfare and Posts and Telecommunications Brig Gen (Retd) MA Malek formally inaugurated the service by handing over the money sent by an expatriate from Malaysia to his beneficiary.

Postal Department Director General Mobashsher-ur Rahman, Bangladesh Bank Governor Dr Saleh Uddin Ahmed, Posts and Telecommunications Ministry Secretary Iqbal Mahmud, Western Union Country Director Ratish Kumar and Country Manager Syed Mohammad Kamal and Additional DG (postal services) AKM Rafiqul Alam was present at the function.

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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.

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DHL to offer air express service to Southeast Bank

DHL signed an agreement with Southeast Bank Limited to provide air express solutions to the bank and its customers.

An official corporate signing ceremony took place in this connection between DHL Express Bangladesh and Southeast Bank Limited at the head office of Southeast Bank Limited.

The agreement was signed by Country Manager of DHL Express Desmond Quiah and Southeast Bank President-cum-Managing Director Neaz Ahmed on behalf of their respective organisations.

Under this agreement, Southeast Bank Limited will use DHL Express’ services for sending its time-sensitive international documents.

DHL’s service to the Southeast Bank features automated shipment preparation, pre-scheduled pick-ups, state-of-the-art management of shipments at operational facilities- gateway and hubs, and delivery of shipments to consignees with up-to-the-minute track and trace capability. In addition to conventional ‘time definite’ services, DHL offers money-back guarantee services to specific destinations for shipments.

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Bangladesh: Most courier services doing business beyond their legal rights

Taking advantage of an ambiguous age-old postal law, most private courier services are doing business outside the purview of their legal rights.

They are carrying both personal and business letters — a task that should be strictly and exclusively the responsibility of the government postal department, officials of the department said.

Courier service personnel who deliver letters to city households and offices hardly know that they are violating the law, The Post Office Act 1898.

Postal department officials said there is a difference between a ‘letter’ and any other ‘document’ and the postal department has the exclusive right to carry letters. Private couriers should therefore carry only ‘documents’.

According to the section 4 in chapter 2 of the Post Office Act, the government has the exclusive privilege of conveying by post, from one place to another, all letters. The government will also have the exclusive privilege of performing all the incidental services of receiving, collecting, sending, dispatching and delivering all letters.

However, the law fails to make a clear distinction between a letter and other documents. Since no one knows the definitions, private couriers have exploited this ambiguity and begun carrying everything from bulky packages to small personal letters.

According to sources at the Dhaka General Post Office (GPO), the postal-charge policy makes a distinction between a letter and other articles.

The postal department defines each article on the basis of its weight and charge the sender accordingly.

According to the policy, any article weighing 250 grams or less will be considered as a letter. Anything weighing more than the 250 grams will be regarded as a document, the sources said.

“Any article weighing 10 grams or below is considered as a standard letter. And anything weighing between 10 and 250 grams is considered as a special letter and the sender has to pay extra charge for it,” said a GPO official.

The private courier services have different opinions regarding this matter. Some courier officials expressed ignorance about the Postal Act.

“I do not know if such a law exists but how come this is illegal as dozens of courier services including internationally renowned organisations are doing the same business,” said Mostafizur Rahman from Korotowa Courier Service.

“It has been years since we started dealing with letters. How can it be termed as illegal all of a sudden,” said an official of Sundarban Courier Service.

“There are thousands of courier services operating throughout the world who deliver letters. Do you think that they are all illegal?” he said.

But Kazi Syed Hossain Faruqi, marketing executive of DHL, said: “When it comes to letters we only carry business or official letters. We do not carry any personal letters, which would be against the postal law.”

However, even postal officials admit that the private courier services have deservingly gained a solid reputation for their speedy and efficient services.

Majority of people prefer couriers as they find government postal services unreliable and inconvenient.

“Sending packages from one place to another always involves a lot of apprehension thanks to the unreliable mail delivery system of the postal department and the feeling of whether one will receive the mail or not in time,” said Rafiuddin Ahmed, a courier user.

According to sources at the postal department, laws exist in other countries where only the postal department is allowed to carry letters.

“Many countries have adjusted their policies so that there is a harmony between the private couriers and the state-run postal service and no violation of laws. Our country is yet to take any such steps,” said a GPO official.

The postal department has recently come up with a suggestion for an amendment to the law defining letters and documents.

“The idea is that all letters or documents weighing less than 250 grams will be carr

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Western Union teams up with Bangladesh postal department for easy transfer of remittance

Western Union, an international money transferring company, has teamed up with Bangladesh Postal Department for delivering the money remitted by expatriate Bangladeshis to the villagers easily.

The Ministry of Posts and Telecommunications and the Western Union (WU) signed the five-year deal on December 12, 2007, Brigadier General (rtd) M A Malek, special assistant to the Chief Adviser, told journalists.

“As per the deal, we will launch our services through 450 post stations in Bangladesh in the first phase and the number of such postal WU money receiving points will be raised gradually,” according to Anil Kapur, WU managing director for South Asia, who was also present at the press meet.

Acting Posts and Telecommunications Secretary Iqbal Mahmood termed the agreement as a new dimension to the postal services.

“We have started delivering passport forms and I hope we will also be able to deliver passports from post offices very soon,” he said.

Special Assistant Malek hinted at renewal of the deal after expiry of its five-year tenure for continuation of the WU-Postal Department joint services to ensure ‘easy and timely’ delivery of remittances in rural Bangladesh.

Anil informed the journalists that Bangladesh is one of the top 15 remittance recipients across the globe.

As per official statistics, the country received nearly USD 6 billion as remittance from non-resident Bangladeshis (NRBs) last year and the contribution of such remittance to the gross domestic product (GDP) crosses 13 percent.

The regional top official of the international money transfer firm said at present 30 percent remittance comes from Saudi Arabia, 15 percent from the USA and more than 10 percent from the UK.

With only 100 points across the country at the onset of its operation, the WU has now set up more than 1400 points to receive money, Anil said while giving a resume of his company.

The WU’s share in global money transfer business is over 17 percent, he said.

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