The company, which has been working in Bangladesh since 1994, is also planing to increase the number of its agents and money-receiving outlets in the country.

"We have already submitted a proposal to Bangladesh Bank for setting up the liaison office in Bangladesh," Anil Kapur, managing director of Western Union South Asia, told a press meet in Dhaka yesterday.

"Bangladesh is a big market of money transfer business. So, we are planing to expand our activities here," Kapur added.

Ratheesh Kumar, country director, Southern and Eastern India, Bangladesh, Sri Lanka and the Maldives, and Kamal Sharma, director (Operations), South Asia of Western Union, were also present at the press conference.

Kapur also said, "If we get the central bank approval, the liaison office of Western Union will be set up by three months in Bangladesh."

Although the company is offering remittance transferring through 550 outlets, the number is not adequate, Kapur added.

Western Union is offering its services through Arab Bangladesh Bank, Brac Bank and Brac branches.