Extremely exciting news awaits a quick response from Bangladeshi migrants who earn a living in foreign countries and send money to Bangladesh to financially support their families back home and fulfilling other financial needs.

Yes!

ACE Money Transfer is back with one of its most famous and renowned promotional campaigns titled ‘Salam Bangladesh’ to facilitate its valued customers in ways that are unique and almost without a parallel in the remittance transfer service industry.

Always striving to think of ways to offer convenience and facilities to its customers, ACE Money Transfer keeps coming up with different campaigns to dole out awards and prizes.

The best part is that the company’s service features are no less than prizes and awards unto themselves, but stretching out to the customers for facilitating them differently is a feather in ACE Money Transfer’s cap.

A quick look at the company’s service history will reveal that innumerable such campaigns are there on the company’s credit.

Continue reading to learn more about the current promotional campaign.

The current campaign, however, is Bangladesh-specific.

Let’s learn more about it together.

Salam Bangladesh In Its Current Manifestation

As the title suggests, the campaign is for migrants hailing from Bangladesh. But not all Bangladeshi migrants, estimated to be around 7.5 million, according to an IOM UN Migration report, are eligible for this campaign.

Those residing in the UK, Europe, Canada, Australia, and Switzerland are eligible to participate in this current Salam Bangladesh campaign.

These migrants will have to send funds from these countries back to Bangladesh from March 1st till April 30th, both days inclusive, through ACE Money Transfer to become eligible to participate.

There are ways in which you can increase your chances of winning the prizes in the ensuing lucky draws.

Prizes And The Associated Details

In the current campaign, the company has added 2 brand-new Honda X Blade 160CC Motorcycles and 8 iPhone 14 Plus 128Gb.

Two of the lucky winners will get one bike each, whereas 8 of the lucky winners will get a phone each.

In both scenarios, to win the respective prizes, the winners will have to meet the specific conditions, which are separate for both prize ranges.

Learn about the entire details HERE.

The Reason(s) For Offering These Prizes

Well, the simple reason is that life without both of these will become difficult as the present is a tech-driven era in which time is money, given the speed at which it is passing.

Since a majority of migrants, including those from Bangladesh, belong to countries with weak economies, they always struggle to buy vehicles and can hardly afford good-quality smartphones, both of which are life essentials nowadays.

A majority of people from low- to middle-income countries (LMICs) save money, and remember; it takes proverbial generations to manage money to afford such products as are offered in this campaign free of cost.

The company realizes this particular challenge the people belonging to such social strata face and has, therefore, added these two products with varying quantities in this campaign for Bangladeshi migrants to win.

A bike of their own will facilitate their commuting.

A smartphone will help them stay connected with whomever they must; in addition to serving several other purposes, any smartphone is meant to.

Focus On Bangladesh’s Migrants

Wonder why the focus is put on Bangladeshi migrants. Right?

Well, the reasons emanate from the country itself and are discussed separately below.

Bangladeshi Economy

  • A report by the World Bank said that the nominal Gross Domestic Product (GDP) of Bangladesh in 2021 was $416.26 billion.
  • Another World Bank report said that in 2021, the GDP per capita income in Bangladesh was $2,457.9.

The statistics projected here might give an impression that the country is doing healthy financially, and it would have been the case pretty much had it not been for the country’s burgeoning population.

Rapid Population Growth

The fast-growing population in Bangladesh, which is under control to a large extent, but still not enough to enable the state to provide for all the people, is straining the country’s resources beyond its capacity.

It only adds to the financial woes of a large majority of the people who somehow manage their meager resources and travel to other countries to find better employment opportunities.

Decline In Inward Remittances

The Dhaka Tribune reported that inward remittances to Bangladesh declined substantially owing to multiple factors affecting job markets worldwide. It reported that the country received $12.45 billion in inward remittances in the first seven months (July-January) of the current fiscal year 2022-2023.

Unemployment And Poverty

With high rates of unemployment, the incidence of poverty in Bangladesh is more than it should be. This adds to the financial challenges of people who cannot afford crucial life essentials.

This current campaign is designed to keep in view all of these issues Bangladeshis face.

The best part is that participation and winning are simple, with open and equal opportunities for all the participants.

ACE Money Transfer – Serving You In Letter And Spirit

Sending money to Bangladesh is your routine, and you are not supposed to alter your routine or compromise it in any way. All you have to do is simply throw your remittances in ACE Money Transfer’s lap to stand a chance to win exciting prizes in addition to getting live exchange rates and a low fee on your money transfers back home.

  • Bangladeshi diaspora

(Bangladesh 6th among top 20 countries of origin for migrants | undefined (tbsnews.net)

  • Bangladeshi GDP

(GDP (current US$) – Bangladesh | Data (worldbank.org)

  • Bangladeshi GDP per capita

(GDP per capita (current US$) – Bangladesh | Data (worldbank.org)

  • Remittances to Bangladesh

(Bangladesh received $1.96bn in remittances in January amid dollar crisis (dhakatribune.com)