Monday, November 22, 2010

Buro opens fast-track remittance system

http://www.thedailystar.net/newDesign/news-details.php?nid=128456


Buro opens fast-track remittance system

Bss, Dhaka

A remittance delivery system was launched yesterday, aiming to fast-track the remittance inflow into the country.

Buro, a micro-finance institution, introduced the system in cooperation with six private banks, a cash management company and an IT firm. The new system promises to ensure secured and timely payment to recipients across the country.

Under the system, Buro will issue Cashlink cards and the beneficiaries can get instant cash by using these cards from Buro branches and cash points across the country.

“This card-based delivery arrangement will reduce the need for cash balances and will also help promote savings habit among the card-holders,” said Bangladesh Bank Governor Atiur Rahman who inaugurated the system at a city hotel.

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