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Post Office launches money transfer service of Western Union

Star Business Report
The Bangladesh Post Office (BPO) yesterday formally launched the money transfer service ofWestern Union (WU), a USA based money transferring company, by using its infrastructure and manpower.
Initially BPO will provide the service through 450 out of about 10,000 post offices of the state owned organisation across the country, however, more post offices will be brought under these services in the future, the launching ceremony was told.
Under the services provided, the selected post office will distribute remittances of the WU, that is, the money the expatriates send from different parts of the world through WU.
At the inaugural function, Special Assistant to the Chief Adviser for Post and Telecommunications Ministry Brigadier General MA Malek (retd) urged the BPO officials to work sincerely so that the new service becomes a success.
He also urged the officials of BPO to provide services that were harassment-free and corruption-free.
"The duty of you (BPO officials) is to serve the citizens of the country, and it bears no justification to employ you if the people do not get proper services," he said
He felt that the Bangladeshi post offices are the most neglected among the other south
Asian countries.
"People remit money through different sources since they can not transfer money quickly and safely through the legal channels," said Mobassher ur Rahman, BPO director general.
The credibility and long time service experience of BPO will make the venture a success, he expected.
In the outgoing fiscal year, Bangladesh received $ 790 crore through formal channels, which was around S200 crore more than the previous fiscal year, Bangladesh Bank Governor Dr Salehuddin Ahmed said.
“It is an excellent initiative taken by the BPO," he said urging the WU and BPO to transfer money at the lowest possible cost and in the shortest period of time.
He also stressed on the need to make citizens conscience in regards to how they spend the remitted money. They may be efficiently used to create sustainable income generating sources, in the greater interest of all.
The American company, with its presence in more than 200 countries, provides service in Bangladesh through 2,200 locations.
The new venture will establish the presence of WU in different the rural and remote parts of the country.
Ratheesh Kumar, Country Director, Western Union also spoke at the function, among others.