Xpress Money, a global money transfer company, has expanded its remittance services with mCash, a mobile financial service of Islami Bank Bangladesh Limited (IBBL).
Islami Bank Managing Director Mohammad Abdul Mannan and Xpress Money Vice-president Arvind Mylar formally inaugurated the service at the IBBL head office in the city on Sunday, said a press release.
IBBL deputy managing directors Mohammad Shamsul Haque, Muhammad Abul Bashar, Md Mahbub ul Alam and Rafi Ahmed Begh and Executive Vice-president and Head of International Banking Wing Abdus Sadeque Bhuiyan, and Xpress Money Country Manager Shamim Iftekhar were also present in the inaugural ceremony.
Under this service, Xpress Money customers can now send remittance directly to IBBL mCash account and receive the same from mCash agents.
Besides the customers will avail mCash facilities including fund transfer, deposit, utility bill payment, fees payment, merchant payment and i-top-up.
To avail mCash service, a customer needs to walk into an Xpress Money location and provide the beneficiary's details, registered mobile number for the mCash service and hands over the amount.
The beneficiary will receive an SMS confirmation to collect money and visit the nearest IBBL location or a franchise location appointed by IBBL and presents a valid ID to receive the money.