Placid Express Receives Award for 'Best Remittance Provider' by Bangladesh Bank (Central Bank of Bangladesh)

NEW YORK, Sept. 1, 2015 (GLOBE NEWSWIRE) -- Placid NK Corporation D/B/A Placid Express, a licensed money transmitter headquartered in New York, is proud to announce that it has been recognized by Bangladesh Bank, the central bank of Bangladesh, as the best remittance provider for NRBs residing abroad. The company has received a distinguished award for its achievements in an event organized by Bangladesh Bank in Dhaka on August 1st, 2015. The award was proudly received by Mr. Mohammed H. Rashid, Director/CFO which was given by Dr. Atiur Rahman, Governor of Bangladesh Bank. Event attendees included distinguished officials of Bangladesh Bank, stakeholders of many banks, individual remitters from around the world and other honorable guests.

Mr. Mohammed Rashid, CFO/Director of Placid Express receiving award from Bangladesh Bank Governor Dr. Atiur Rahman.


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=35758

"We are immensely grateful to our long standing loyal customers around the world who helped contribute Billions and Billions of US Dollars to Bangladesh's foreign reserve directly through our services. Our customers are our backbone and the award wouldn't have been possible without our customers; this award is a tribute to them," said Mohammed H. Rashid, Director/CFO.

Placid Express is the pioneer of affordable, legal money transmission services to Bangladesh. Its secure and hassle-free direct to account deposit services has been immensely popular among the money remittance consumers since its inception 2 decades ago.

Today, the company provides instant deposit services to participating banks in Bangladesh and fast direct money transfer services to any bank account in Bangladesh through its partnership arrangement with 22 banks including Janata Bank, National Bank, Pubali Bank, Prime Bank, Rupali Bank, Dutch-Bangla Bank, NCCBL Ltd, Uttara Bank, Trust Bank, The City Bank, One Bank, Mercantile Bank, Bank Asia, IFIC Bank Ltd, Jamuna Bank Ltd, SIBL and many more!

Its famed Tier 1 Cash Pickup service, spotCash! allows money transfer recipients to collect funds from any participating bank and thousands of NGO locations in Bangladesh. Placid Express also enables customers to send money to India, Philippines, Nepal, Indonesia, Pakistan, Latin & South America and Europe.

Staying in sync with changing technology, consumers can now send money online 24/7 at its website www.placid.net using their bank account or credit/debit card or in person by visiting a branch or an agent.

About Placid Express

Founded in 1996 by Dr. Kamal U. Ahmed and Mohammed H. Rashid, Placid Express was formed on the simple premise that sending money home should be easy, affordable and safe. Since inception, Placid Express has transmitted billions of dollars and formed agreements with a multitude of reputed banks and financial institutions around the world. Money Transfers can be originated with Placid Express from many of the top MSAs of USA, Canada, Italy and Malaysia for disbursement in many countries of Latin & South America, Africa, South & South East Asia and Europe. The company is headquartered in Long Island, NY.

The photo is also available via AP PhotoExpress.

CONTACT: Media Contact: Ahsan Choudhury news@placid.net

Source: Placid Express