Expats can now send remittances through Nagad more quickly and easily. With TerraPay, one of the world’s leading payment networks, expats can instantly send remittances from different countries with simple solutions at Nagad.
MFS Cash Limited recently tied up with Terra-Pay to innovate and provide easy solutions for customers. Terra-Pay’s payment network spans over 200 countries around the world.
Nagad, the world’s fastest growing MFS, is trying to make transactions faster. As a result, expatriates and their family members can enjoy the highest security and facilities with a government bonus of 25 taka per thousand from different countries of the world.
TerraPay is famous for their services all over the world. The company is registered and operating in 29 markets worldwide. Works with various banks, mobile wallets, money transfer operators, merchants and financial institutions globally. Through this the institution is contributing to global economic inclusion and wider financial transaction system. In addition, Terra-Pay continues to expand its scope of global transactions and small and medium-sized commercial operations due to Visa’s strategic investment.
As a result of this strategic agreement between Nagad Limited and TerraPay, expatriates will now get 24/7 remittance services from different parts of the world. Trust Bank Limited, one of the most reliable private banks in the country, has played an important role in the TerraPay and Nagad deals. Nagad Limited is operating as a remittance service provider authorized by Bangladesh Bank.
Amber Sur, founder and CEO of TerraPay expressed his excitement about the agreement with Nagad Limited. He said, ‘Through this significant agreement with Nagad expatriate Bangladeshis will be able to send remittances to the country more quickly and safely. Wallet is one of the ways to send remittances to the country. TerraPay’s mission is to deliver remittances to customers quickly and instantly. Nagad will play a role in achieving our brand goals. We are very excited to make life easier and accelerate the interoperability platform.’
Regarding this agreement between TerraPay and Nagad, Tanveer A. Mishuk, Founder and Managing Director of Nagad said, ‘From the beginning we have tried to make people’s lives easier. With TerraPay, one of the largest payment networks in the world, now expatriate brothers and sisters can bring remittances through Nagad instantly. We are delighted to offer such a gift to expatriates and their family members.’