Currently, Prabhu Group, NY has established payee relationships with Agrani Bank, Uttara Bank, Islami bank, National Bank, Mercantile Bank, Premier Bank, Brac Bank, Dutch Bangla Bank, Janata Bank and Pubali Bank for cash payment over the counter and instant account credit into 20 Banks all over Bangladesh.
Similarly, 5 main banks in Pakistan respectively Muslim Commercial Bank, United Bank Ltd, Allied Bank, Meezan Bank and NIB Bank for cash over the counter and instant account deposit into 22 banks in Pakistan.
In Nepal, it has own sister company "Prabhu Money Transfer P. Ltd" which is a leading money transfer company in Nepal with 1000++ branches and networks including all the commercial banks and financial institutions are its agents for for Cash payment and account deposit facility in same day all over the country. It also has a payee relationship with Xpress Money of UK.
MoneyGram, USA, the 2nd largest money transfer company in the world, has also assigned its agency relationship to all the branches of Prabhu in USA. Prabhu Group Inc is expanding its license in New Jersey, Texas, Florida, Massachusetts, Illinois, and California and planning to open 4 own branches and appointing 35 agents all through the high potential cities, towns and neighborhoods in the country during 2011.
The company has objectives of entering the Canadian market during 2011 and has started the process of getting the Fintrac registration for this purpose. Prabhu Group is confident that it will emerge as one the most favored and efficient South Asian money transmitter service in the North American region. Please visit www.prabhugroupusa.com for further details.
Our Prabhu Cash System is web-based remittance software with robust security features, OFAC list online, AML/CFT features and Customer Due Diligence / KYC checks and database.
The company has its head office located at 37-15 73rd Street, Jackson Heights, NY 11372. This is supposed to be the largest hub for South Asian immigrants in USA.