Dhaka, March 2 -- Eastern Bank PLC (EBL) has partnered with J.P. Morgan to facilitate inward remittance via 'Xpedite', J.P. Morgan's cross-currency solutions for banks.

Xpedite solution will enable EBL to receive remittance from Non-resident Bangladeshis (NRBs) from their own banks in different countries into a single USD account that EBL holds with J.P. Morgan. This will expand the scope of currencies that EBL can receive remittance in, without the need to open multiple currency accounts. Details of payment format will be featured on EBL's website for NRB customers and their banks to follow.

EBL's partnership with J.P. Morgan, aims to boost the efficiency and accessibility of remittance services for expatriate Bangladeshis living in di...