Published:  01:33 AM, 02 December 2019

Padma Bank, Shift ink deal

Padma Bank, Shift ink deal Padma Bank Limited Managing Director and CEO Md Ehsan Khasru and Shift Financial Services Limited Director Mohammad Fouzie Mahrat are seen signing a deal in the capital on Saturday.

Shift Financial Services Limited has launched its operation in Bangladesh in an effort to remit money from the United Kingdom safely and smoothly, a statement said Sunday.

Shift rolled out their financial services in association with the Padma Bank Limited, a fourth generation commercial bank, which offers most modern banking facilities through its 57 branches.

The launching of Shift services will enable Bangladeshi migrants living and working in the Middle East, Europe and the United States to remit their hard-earned foreign currency back home in the quickest possibly time.

Shift is a world famous money transfer company having operations in 150 locations in 90 countries across the globe.Top officials of Shift and Padma Bank signed an agreement on Saturday, which would allow Padma Bank to transfer money to clients in Bangladesh after it is remitted from any Shift branch in the world.

Padma Bank Managing Director and CEO Md Ehsan Khasru was the chief guest at the signing ceremony and penned the agreement on behalf of the bank. Shift Financial Services Limited Director Mohammad Fouzie Mahrat signed the deal for the global money exchanger.

Speaking at the ceremony, Khasru said Padma has signed an array of such agreements with some of the top global money exchangers in order to revolutionize remittance transfer services in the country.

"At Padma we are bound by our duty to ensure easy, quick and smooth transfer of our migrants' hard-earned foreign exchanges back home. Already we have launched a series of new services to facilitate the remitters," Khasru said.

Bank's deputy managing directors Muhammad Ali Zaryab and Md Shahadat Hossain, recovery head Sabirul Islam Choudhury, CFO Md Shoriful Islam, remittance head Masud Rana and a number of branch managers were also present on the occasion.

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