IFIC Bank Ltd has signed an agreement with Al Fardan Exchange, a UAE-based remittance company, for a drawing arrangement under the electronic fund transfer (EFT) system, reports BSS. "This arrangement will facilitate the expatriates to send home remittance from UAE expeditiously" under the EFT, an internet-based secured remittance service, said an IFIC press release. A good number of Bangladeshi citizens are working in the UAE and sending money regularly to their families in the country. Al Fardan Exchange, established in 1971, achieved its licence from the UAE's central bank.
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