Dhaka, April 26 -- BRAC Bank says it was disbursed Tk 27.2 billion in remittances through its agent banking channel, nearly double the amount recorded in the previous year.

The agent banking system has a nationwide footprint of 1,120 banking outlets and brings remittances back into the formal financial system by making services "more accessible, secure, and inclusive", the bank said in a press release on Saturday.

"In Bangladesh, particularly in rural regions, remittances have long been constrained by the dominance of informal channels and limited access to banking infrastructure. The rapid expansion of agent banking has changed that reality, enabling financial services to penetrate deep into village communities," BRAC said.

"By extend...