A remittance delivery system was launched yesterday, aiming to fast-track the remittance inflowinto 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 cardholders," said Bangladesh Bank Governor Atiur Rahman who inaugurated the system atacity hotel.