Eastern Bank Limited (EBL) has signed a remittance service agreement with PLACID EXPRESS SDN BHD, Malaysia a prominent money services business (MSB) and a fully owned subsidiary of Placid NK Corporation, USA.

Remittances from wage earners constitute a vital source of foreign currency earnings for Bangladesh, ranking second only to exports. EBL's partnership with PLACID EXPRESS, a well-regarded fintech-based remittance company, aims to boost the efficiency and accessibility of remittance services for expatriate Bangladeshis across multiple countries, including Malaysia, USA, Italy, Portugal, and other EU nations.

Mehdi Zaman, Deputy Managing Director and Head of Treasury FI and Offshore Banking, EBL and Mohammed H. Rashid, Executive Director, PLACID EXPRESS have signed the agreement on behalf of their respective organizations at the EBL Head Office in Gulshan, Dhaka.

Faroque Helaly, Country Head of Placid Express; Mamunur Rashid, Head of International Business; Chowdhury Bahar Wadud, Head of Remittance Business; Jahangir Alam, Senior Manager of Business Development and Remittance from EBL, and other officials from both the organizations were present at event.

Placid Express has earned widespread popularity among Non-Resident Bangladeshis (NRBs) for its consistent facilitation of remittances. With a focus on technological innovation and customer-centric services, Placid Express has emerged as a reliable and trusted financial partner for the Bangladeshi diaspora.