Bangladesh Finance launches BIR
Bangladesh Finance PLC has introduced BIR, an innovative platform dedicated to empowering Non-Resident Bangladeshis (NRBs) whose remittances are vital to the nation's economy.
With these contributions accounting for over 6% of Bangladesh's GDP in FY2023-24, BIR addresses not only the financial needs of migrants but also their emotional and social concerns.
Setting BIR apart from other platforms, it uniquely supports NRBs through all stages of migration—pre-departure, overseas, and upon return—rather than focusing solely on remittance. This includes exclusive premium services such as airport lounge access, meet-and-greet, and transportation, benefits that were traditionally unavailable to migrant workers.
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In addition to traditional remittance services, BIR stands out by extending tailored financial products, including loans for home construction, Hajj and Umrah, small businesses, and women-led enterprises, as well as savings plans and insurance. BIR further distinguishes itself with free Arabic language training, directly increasing migrants' income potential by 30-40% and enhancing the quality of life for their families.
The platform is continuously evolving, with future services planned, including hospital partnerships, legal assistance, educational support for migrant children, and community engagement programs abroad.
As Bangladesh strives for middle-income status, BIR stands as an innovative model that not only provides practical support but also honours the emotional sacrifices and silent strength of migrants, ensuring that their efforts and stories are valued at home and abroad.
