NCC Bank signs remittance disbursement deal with Commerce Plex

NCC Bank PLC signed a remittance disbursement agreement with Commerce Plex Limited (Simpaisa), based in the UK, on Monday, aiming to offer swift and secure remittance services for Bangladeshi expatriates residing in the United Kingdom and the broader EU region.

M Shamsul Arefin, managing director of NCC Bank, and Bachir Njeim, chief strategy and operations officer of Simpaisa, signed the agreement in Dhaka, as reported in a press release.

This collaboration introduces a new service that allows the Bangladeshi diaspora in the UK and Europe to remit their hard-earned money to relatives and family members in Bangladesh in a safe, timely, and efficient manner.

The service will be accessible through all NCC Bank branches, along with its network of partnered NGOs and sub-agent branches nationwide.

Md Zakir Anam, Md Monirul Alam, and Mohammed Mizanur Rahman, deputy managing directors of NCC Bank, as well as Md Zahurul Karim Chowdhury, senior vice-president and head of treasury, were present.

Md Foraduzzaman, senior assistant vice-president and head of remittance and NRB banking at the bank, and Sanjana Farid, country manager for Simpaisa, and Sunny Das, head of treasury, along with other senior officials from both organisations, were also present.