$

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

£

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Dhaka Bank and J.P. Morgan partner to improve Bangladesh’s Inward Remittance

News

Dhaka Bank PLC. and J.P. Morgan Payments have teamed up to enhance inward remittance services in Bangladesh by implementing JP Morgan Payments’ Xpedite Select Receipt, a cross-currency payment and receipt solution.

The solution aims to streamline and secure cross-border receipts in 40 different currencies, delivering the funds directly to beneficiaries in Bangladesh. Dhaka Bank has also adopted J.P. Morgan Payments’ Wire 365, a facility which allows USD payments to be processed even on US holidays and weekends.

The collaboration was formalized on April 23, 2025, through an inauguration ceremony at Dhaka Bank’s head office. Sheikh Mohammad Maroof, Managing Director of Dhaka Bank, and Christine Tan, Managing Director & Head of Asia Pacific at JP Morgan, participated in the event to kick start the collaboration.

This move is expected to significantly streamline the process of receiving remittances, which is a crucial component of Dhaka Bank’s contribution to Bangladesh’s economy. In 2024, Dhaka Bank facilitated over USD 756 million in remittance inflows—a figure anticipated to grow further with the adoption of newly introduced services in partnership with JP Morgan. Details on how the Xpedite service works are accessible on Dhaka Bank’s official website for remitters.

Akhlaqur Rahman, Deputy Managing Director and Abu Jahid Ansary, EVP and Head of International Division of Dhaka Bank, along with J.P. Morgan Payments’ team, including Adebayo Osolake, Global Head of FI Trade Sales, Jing Zhang, Trade & Working Capital FIG and Sazzad Anam, Head of Bangladesh Representative Office, attended the ceremony, showcasing their support for the venture.

J.P. Morgan has been a longstanding and trusted partner of Dhaka Bank, and this collaboration represents a significant step forward in enhancing Bangladesh’s financial connectivity and accessibility to global remittance systems.

Read More

Dhaka Bank and J.P. Morgan partner to improve Bangladesh’s Inward Remittance

Dhaka Bank PLC. and J.P. Morgan Payments have teamed up to enhance inward remittance services in Bangladesh by implementing JP Morgan Payments’ Xpedite Select Receipt, a cross-currency payment and receipt solution. The solution aims to streamline and secure cross-border receipts in 40 different currencies, delivering the funds directly to beneficiaries

Read More

Dhaka Bank Managers Conference – 2025 with the Objective to Establish the Bank as Number One Compassionate Bank in Bangladesh.

Dhaka Bank Managers Conference – 2025 held on 11 April, 2025 in Cox’s Bazar. Mr. Abdul Hai Sarker, Chairman of the Board of Directors of Dhaka Bank PLC. inaugurated the meeting as Chief Guest while Mr. Sheikh Mohammad Maroof, Managing Director & CEO of Dhaka Bank PLC. presided over the

Read More

Dhaka Bank PLC. signs payroll banking agreement with York Hospital Ltd.

Dhaka Bank PLC. has signed a Payroll Banking agreement with York Hospital Ltd. on March 23, 2025, at York Hospital, Banani, Dhaka. The agreement was signed by Mr. H.M. Mostafizur Rahaman, Senior Executive Vice President & Head of Retail Business Division of Dhaka Bank PLC., and Dr. S M Jaglul

Read More

Dhaka Bank announceS the successful completion of 82nd Foundation Training Course

Dhaka Bank Training Institute (DBTI) is pleased to announce the successful completion of its 82nd Foundation Training Course for newly recruited Trainee Officers (TOs). This intensive 25-day program provided 30 highly motivated individuals with a robust foundation in banking principles and practices. The training, conducted at the DBTI premises, focused

Read More

Dhaka Bank and Shanta Life Insurance sign MoU to jointly prepare for Bancassurance

Dhaka Bank, one of the esteemed banks of Bangladesh signed an MoU with Shanta Life Insurance PLC, a new venture under the renowned corporate house Shanta Holdings, with the aim to provide Bancassurance service through it’s distribution channel. Sheikh Mohammad Maroof, Managing Director & CEO of Dhaka Bank and Nafis

Read More