An estimated 10 million Bangladeshis are currently working abroad, primarily as low-skilled laborers in the Arabian Gulf. Only India, Mexico, Russia and China send out more migrant workers each year according to the World Bank.
The Bangladeshi migrant workers are gardeners, construction workers, janitors and maids. On average they earn $400 a month, far more than they'd make doing the same jobs at home. And the totals add up. The $15 billion sent home by migrant workers last year — called "remittances" in economic jargon — is Bangladesh's second-largest source of foreign earnings after its gigantic textile industry.
Send Money Back To Bangladesh
Sending money to Bangladesh is easier and cheaper than it seems to be in other Asian nations. But sending money through banks is still the most expensive and can take up to one week for the transfer to be completed. So be smart about it, save yourself money and time, and start using Foreign Exchange companies.
Here are some excellent online payment platforms for you to reference.
- OFX
- Transferwise
- Paypal
- Orbitremit
- Azimo
But now a new way that you can transfer money to Bangladesh with cash pickups will be available soon. It is Epay. The cash pickup function will be available in the next few days. and it supports pick by BDT.
According to Epay, cash pickups will support more than 70 currencies in more than 100 regions. It may more convenient for your family to receive money because as I know, most of the family don’t use bank account usually. As to the fees, I think it will be much cheaper than Western Union, MoneyGram or other peers. Because Epay is always a secure, fast and low-cost global payment provider.
The advantages of using Epay for remittance
1.They're fast
It’s easy to get money to where it needs to be using their instant and super-fast transfer options. From instant cash pickups and mobile money transfers, they’ve got you covered.
2.They’re secure
They use industry-leading technology to ensure the safe transfer of your funds, no matter where you are or what device you’re using.
When the cash pickups function online, I will keep sharing any information with you including the fees, speeds and the steps on how to make a transfer.