EBL launches UnionPay debit, prepaid cards
The Eastern Bank Limited has launched dual currency Unionpay debit and prepaid cards. Cardholders can endorse up to USD $12,000 yearly travel quota limit to the newly launched cards, says a press release.
These dual currency cards are accepted both locally and internationally and are good for e-commerce transactions as well.
EBL Managing Director and CEO Ali Reza Iftekhar said through their partnership with UnionPay they will "offer innovative and exciting propositions to the cardholders in Bangladesh and offer them cashless and seamless banking experience."
Ashutosh Agrawal, head of UnionPay International South Asia Branch, also appreciated the partnership.
The EBL UnionPay debit and prepaid cardholders will be able to avail all the regular EBL debit and prepaid card product propositions.
Globally, UnionPay Cards are accepted at over 52 million merchants and more than 2.9 million ATMs across 179 countries. Almost all merchants and ATMs in mainland China accept UnionPay Cards. It has a partnership with more than 2300 institutions worldwide.
Locally, the cardholders will be able to use the cards at all EBL ATMs and POS terminals across the country.
EBL first partnered with UnionPay International in 2019 with the introduction of EBL UnionPayContactless Platinum Credit Card.