Nala Launches No-Fee Remittance Service to Bangladesh with Competitive Exchange Rates
U.S.-based financial services provider Nala has officially launched its remittance service for sending money to Bangladesh, aiming to offer safe, instant, and cost-effective transfers for expatriate Bangladeshis. The announcement was made through a press release issued on Wednesday, July 30.
According to the company, one of Nala’s key advantages is its highly competitive exchange rates, which it claims to be the best among existing money transfer apps. Additionally, users are not required to pay any transfer fees when sending money through the app.
Benjamin Fernandes, CEO and Founder of Nala, stated that the company is “collaborating with local banks and mobile financial service (MFS) providers to ensure secure and instant transactions in Bangladesh.”
The Nala app is currently available in 21 countries, including the United Kingdom, United States, Germany, France, and Italy. With this expansion, expatriates in these regions can now use Nala to send money directly to Bangladesh.
