BRAC Bank has entered into a remittance agreement with QuiqSend, an Australian fintech enterprise, to offer a streamlined, app-based remittance solution for Bangladeshi wage earners residing in Australia.

Md Shaheen Iqbal, deputy managing director and head of treasury and financial institutions at BRAC Bank, and Md Abu Sufian, founder and CEO of the fintech company, signed the agreement at the bank's head office in Dhaka recently, according to a press release.

Commenting on the partnership, Iqbal stated: "By ensuring affordability, speed, convenience, and security, we aim to make remittance services more accessible to wage earners and impactful for the families back home."

He further remarked, "This partnership is another step forward in our pursuit to serve our customers better and help enhance international remittance inflows to our country."

The collaboration enables Bangladeshi expatriates in Australia to transfer their hard-earned remittances securely and efficiently to BRAC Bank account holders in Bangladesh, thereby enhancing their overall banking experience.

This initiative contributes to the bank's expanding global remittance network, reflecting its strategic intent to support Bangladeshi wage earners across the globe.

The integration of seamless API technology ensures that remittances from QuiqSend to BRAC Bank accounts are now fully automated, processed in real time, and underpinned by robust security protocols.

Techwest Pty Ltd, trading as QuiqSend, is an emerging money transfer startup committed to providing fast, reliable, and cost-effective cross-border remittance services.

Regulated by the Australian Transaction Reports and Analysis Centre, QuiqSend offers a secure, user-friendly platform for customers to send money to their families in Bangladesh.