Project Overview
For the economy of Bangladesh, foreign remittance has emerged as a major driving force and strength in recent time making significant contribution to its overall development especially for poverty alleviation. To stimulate further, the prevailing economic trend, Padakhep in compliance of its mission of making a poverty-free society has been attaching priority to accelerated transfer of foreign remittance to the clients in remote areas.
Padakhep started Foreign Remittance Service in 2009, in a quicker and safer manner to serve the clients, predominantly those living in the rural areas of Bangladesh. The foreign remittance service of Padakhep has been successfully transferring a significant amount of foreign remittance of the overseas Bangladeshi wage earners to their family members and relatives in a hassle-free process ensuring highest security and comfort. Over the years, the remittance service network has expanded across the country and all the branches of Padakhep have been brought under the network.
Project Objective
- Main aim of the program is to pay foreign remittance after due verification according to the claim of a remittance recipient.
- Padakhep has been operating remittance program in collaboration with 28 exchange houses namely Xpress Money, Money Gram International, RIA, Trans-Fast, etc. These partnership arrangements ensure secure remittance with faster transfer and withdrawal of money from any branches of Padakhep.
Geographic Area
258 branches of Micro Finance Program
Project Partners
- Dhaka Bank Ltd.
- The City Bank