Mercantile Bank PLC and Mastercard announced their collaboration to launch a comprehensive portfolio of new cards, offering unmatched convenience, benefits and financial flexibility to cardholders in Bangladesh.
In this connection a grand launching ceremony held at Radisson Blue Water Garden, Dhaka on Saturday, says a press release.
The event was graced by Dr. Salehuddin Ahmed, Adviser, Ministry of Finance and Ministry of Science and Technology as the Chief Guest.
Md. Zakir Hossain Chowdhury, Deputy Governor, Bangladesh Bank and Md. Anwarul Haque, Chairman, Mercantile Bank PLC spokes on the occasion as Special Guests while Mati Ul Hasan, Managing Director of Mercantile Bank presided over the meeting. Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh, and Dr. Md. Zahid Hossain, Deputy Managing Director and CBO and Tapash Chandra Paul, CFO of the Bank also spokes on the occasion. Al-Haj Akram Hossain (Humayun), Vice Chairman; M. A. Khan Belal, Chairman of Executive Committee; Mohammad Abdul Awal, Chairman of Risk Management Committee and Al-Haj Mosharref Hossain, Director and Md. Zakir Hossain and Shamim Ahmed Deputy Managing Directors; Mostafizur Rahman, Head of Cards of Mercantile Bank PLC, Zakia Sultana, Director, Mastercard Bangladesh along with senior officials from bank and Mastercard also took part on the event, says a press release.
Dr. Salehuddin Ahmed, Adviser, Ministry of Finance, said, "We are committed to encouraging digital transactions as much as possible, as they ensure greater transparency and traceability- especially through platforms like Mastercard. While digital adoption is growing, it's important to address the concerns people face, such as excessive questioning by banks, which often hinders broader participation. Credit cards, in particular, play a crucial role in facilitating remittance and driving financial inclusion. I extend my best wishes to both Mercantile Bank and Mastercard for their continued efforts in advancing private sector development and promoting digital transformation in the financial ecosystem."
Mati Ul Hasan, Managing Director, Mercantile Bank PLC, stated, "We are proud to partner with Mastercard to introduce a full suite of credit, debit, and prepaid card products under our newly acquired Principal Membership. These cards reflect our ongoing commitment to providing modern and customer-centric banking solutions. With enhanced features and extensive acceptance, the cards will enable our customers to experience unmatched convenience, security, and value. This initiative aligns with our broader goal of supporting Bangladesh's transition toward a cashless, digitally empowered society."
The portfolio includes the Mastercard Titanium Credit Card, World Mastercard Credit Card, Mastercard Debit Card, Mastercard Platinum Global Debit Card, and a Mastercard Prepaid Card.
Cardholders can enjoy exclusive privileges on travel, lifestyle and dining spends and avail exciting discounts and deals at Mastercard and Mercantile Bank PLC's9,000+partner merchant outlets across the country. Additionally, they can withdraw cash anytime from domestic and international ATMs for uninterrupted access to funds.
