Ria increases network in Bangladesh with Trust Bank and Islami Bank

South Asia is an important region for Ria and for remittance flows worldwide. The country of Bangladesh holds the eighth position among the top 10 remittance recipient countries globally, receiving an estimated $15.4 billion in remittances in 2015.[1]

We’re proud to say that the country is also more orange than it was previously, with several new banking partners joining Ria’s steadily growing orange revolution in 2016 and offering our fast, secure and affordable services.

One of our newest payout partners is Trust Bank Limited, a leading commercial bank among private sector banks in Bangladesh. Since launching the new cash payout and bank deposit service, more customers are reaping the benefits.

 

Trust Bank and Ria Money Transfer

Ria representatives A K Nazmul Hossain and Suhail Shamsi (centre right, orange tie) attended a signing ceremony with Trust Bank’s Managing Director and CEO Mr. Ishtiaque Ahmed Chowdhury (centre left) and other Executives from Trust Bank following the launch of the new cash pick-up and bank deposit service.

 

“Trust Bank is expanding its global presence in the remittance arena with Ria Money Transfer,” said Mr. Ishtiaque Ahmed Chowdhury, Managing Director and CEO of Trust Bank Limited. “This agreement now provides an excellent opportunity for Bangladeshi expatriates living and working abroad to remit their hard-earned money to their families and loved ones through 107 Trust Bank branches in any corner of Bangladesh.”

Juan Bianchi, CEO and President of Ria Money Transfer added, “Ria is expanding its presence in Bangladesh and we’re pleased to welcome Trust Bank as our newest partner in this important remittance receiving country. Ria strives to provide fast, secure and affordable money transfer services for people to send money home to their loved ones. By developing our network in South Asia with partners like Trust Bank, we’re able to serve more people looking for a reliable remittance service.”

Suhail Shamsi, Ria’s Business Development Director for the South Asian Market, who recently attended a signing ceremony with officials from Trust Bank, said of the market expansion: “Ria currently has a total payout network of more than 8000 locations in Bangladesh. We are offering an excellent service through 30 direct and non-direct partners, as well as through various NGO’s which offer payout locations in remote villages in Bangladesh. Trust Bank and Islami Bank are two of our most recent partners, and so far we are very happy with the results.”

 

Ria says “Thank you!” to its customers in Bangladesh (VIDEO)

 

 

 

[1] World Bank Bilateral Remittance Matrix 2015, updated April 2016