bKash strikes deal with Gulf Exchange to facilitate remittances from Qatar

Bangladesh's leading mobile financial service (MFS) provider bKash Limited has entered into a strategic partnership with Gulf Exchange, a premier financial institution in Qatar, to strengthen cross-border remittance facilities for the Bangladeshi diaspora.

Ahmad Ali Al-Sarraf, chief executive officer of Gulf Exchange, and Ali Ahmmed, chief commercial officer of bKash Limited, signed the agreement at the exchange house's headquarters in Doha recently, according to a press release.

Al-Sarraf said the partnership underscored Gulf Exchange's commitment to delivering innovative, customer-focused financial solutions.

"By integrating with bKash's trusted and far-reaching platform, we can offer our Bangladeshi customers a faster, safer, and more convenient channel to send money home," he added.

Ahmmed described the collaboration as a milestone in expanding bKash's global remittance ecosystem. "Our aim is to make financial services simpler and more accessible for millions of Bangladeshis working abroad. This new channel ensures their hard-earned money reaches their families instantly and securely, while also contributing to the nation's economic growth," he said.

Under the arrangement, Bangladeshi expatriates in Qatar will be able to remit funds directly to bKash wallets in Bangladesh, granting beneficiaries instant access through the platform's secure digital network.

The settlements will be routed through a scheduled commercial bank in Bangladesh.

With competitive exchange rates, swift transfer times, and a seamless user experience, the service promises to be a reliable and convenient option for customers.