The 11.8 million Bangladeshi expatriates living abroad sent almost nearly $13 billion home in the previous fiscal year, he said. Joy said he hopes the launch of the PayPal services, which would ease the transfer of money home, would stop the use of hundi and increase inward remittances. The ability to send money abroad will be opened when Bangladesh’s economy can compete with those of developed countries. “There has been some criticism that we have not made complete PayPal services available, that we can’t send money through it. Initially, the money sent through PayPal can be drawn from Sonali Bank, Rupali Bank, Agrani Bank, Janata Bank, Social Islami Bank, Uttara Bank, Pubali Bank, City Bank, and Islami Bank.

Source: bd News24 October 19, 2017 12:00 UTC