DHAKA, June 30, 2026 (BSS) - Mobile financial service provider Nagad and 
Rupali Bank PLC on Tuesday signed an agreement to facilitate faster and 
hassle-free disbursement of inward remittances to beneficiaries across 
Bangladesh.

The agreement was signed at Rupali Bank's head office in the capital's 
Dilkusha area, said a press release.

Bangladesh Bank-appointed Administrator of Nagad Md. Motasem Billah and 
Rupali Bank Managing Director (MD) Kazi Md. Wahidul Islam signed the deal on 
behalf of their respective organisations.

Under the agreement, expatriate Bangladeshis will be able to send remittances 
to Rupali Bank through international exchange houses, money transfer 
operators (MTOs) or banks.

Nagad will then disburse the funds directly to beneficiaries' mobile wallets 
on behalf of Rupali Bank, enabling recipients to access the money anytime 
from anywhere in the country.

The partnership aims to encourage remittance inflows through formal channels 
by ensuring quick, secure and convenient delivery of funds.

Speaking at the signing ceremony, Nagad Administrator Md. Motasem Billah said 
remittances are vital for the country's economy and the partnership would 
enable beneficiaries to receive money directly in their Nagad wallets safely 
and conveniently.

He said the initiative would strengthen formal remittance channels and 
promote digital financial inclusion by allowing recipients to spend digitally 
or cash out through Nagad's nationwide network at low cost.

Rupali Bank MD Kazi Md. Wahidul Islam said the agreement would help the 
state-owned bank deliver expatriates' hard-earned money safely and swiftly, 
particularly to beneficiaries living in remote areas.

He expressed hope that the collaboration would increase remittance inflows 
through legal channels while improving customer service.

Nagad said it has been introducing various initiatives to encourage 
remittances through formal channels, including reward-based campaigns for 
expatriate families.

The MFS provider has recently introduced Bangla QR payment services and 
National Payment Switch Bangladesh (NPSB) facilities, allowing users to make 
digital payments at nearly one million Bangla QR merchant outlets and 
instantly transfer funds between bank and mobile financial service accounts.