BUSINESS SEMINAR
Global Remittance & it’s future
Arbor City Hotel 12-20 Osborn St. London E1 6TE
4th August, Thursday 2PM
Presented ByNazmoul Hasan
Managing Director SHA Global
In collaboration with Small World
Index
In collaboration with Small World
• Overview of SHA Global • Remittance Industry and its size• Overview of Remittance business in Bangladesh
Corridor• Remittance business trend over the years for
British Bangladeshi Company• Challenges currently facing by money transfer
company• Solution for the remittance company
Overview of SHA Global
In collaboration with Small World
• SHA Global is a global money Transfer company working in partnership with Small world.
• Providing agent network for the principle company• Has 400 agent network worldwide• Has global offices in UK, Spain, Portugal, Italy and
Bangladesh. • Has call center in Bangladesh for the Global agent
support for agent and the beneficiary.
Offer from SHA Global
In collaboration with Small World
• Low Sending charge in all over the world• Competitive exchange rate• Highest commission for the agent. • Business money Transfer• Charity money transfer• Trust and reputation with the community
Remittance from UK to Bangladesh
In collaboration with Small World
• The contribution of remittance from UK it is around 8% of the total remittance.
• Total remittance from UK during the financial year 2010-11 stood at US$ 890 million.
• UK is the fifth largest source of remittance next to Saudi Arabia, USA, UAE and Kuwait.
(Bangladesh High Commission London, 2016)
Money transfer business Network
In collaboration with Small World
• Total Money transfer is 6500 location in UK.• 450 to 500 Location is run by Bangladeshi ethnic
Money Transfer company• Estimated 10-12% of the total remittance volume
form UK done by British Bangladeshi Money transfer(Global Remittance Market News, 2015)
British Bangladeshi Money transfer History
In collaboration with Small World
Money transfer was not regulated way they way is regulated today
Beginning of Start getting regulated by FCA and MLR
Start loosing Bank account
Only few British Bangladeshi Money Transfer has the Bank account
Challenges
In collaboration with Small World
For Money transfer company (API)Compliance rules Bank AccountMigrant restriction
For Money Transfer agent (SPI)Selecting the right partner.
Solution
In collaboration with Small World
• Are you going to close your money transfer business?
• Then Who can you trust?• Are they safe and secured?• Can they delivered the service?• Are you getting your maximum benefit?
Solution
In collaboration with Small World
If you could not find the right reliable partner then Join with us. We can assist you to overcome those challenges.
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