A product or service is only commercially viable if it satisfies a market demand.
Our product and service is transferring money from customer in UK to Bangladesh and vice verse and we just charge for the transaction.
Why we are different, we only specialise in the Bangladeshi taka, offer cheap rates and faster transfer into any corner of Bangladesh. Our competitors only transfer to the partnering banks and they have limited knowledge and coverage of Bangladesh, we have the extra, which is not offered by our competitors.
The main desire of our service will be, to provide at a competive rate, fast and efficient money transfer service / exchange.
We have three types of money transfer service, and they all vary in prices depending on market condition.
Fast track – Money will be transferred from UK to Bangladesh within 5 working days. This is the standard.
Super Fast track – Money will be transferred within 2/3 working days at an extra charge.
Instant transfer – Money transferred instantly, this is mainly offered to our corporate clients and charged at a corporate rate, Money will be transferred from corporate account in the UK into the customer corporate account in Bangladesh.
Future Plans
Future plans for Instant Exchange.
Increase Network of agents across UK
This Bangladeshi taka market is huge we estimated around US$ 1 billion plus is being remitted to Bangladesh from UK alone and aim to capture certain percentage of this market share, by having place network of agents we can reach and cover most of UK and achieve greater profitability.
Able to offer global currency exchange
The market potential is huge, we want to be able to offer our customers to transfer globally, once our business model and structure is in place we aiming to offer our customers transfer of any currency globally and capture percentage of the global currency transfer market within Wales and West of England.
Expand corporate division
Increase client accounts and employees in the corporate division, and look at different ways in which we can add value we to our corporate division. |