Mercantile Bank, Mastercard launch new range of cards

Mercantile Bank PLC, in collaboration with Mastercard, has launched a portfolio of new cards, offering exceptional convenience, benefits, and financial flexibility to cardholders in Bangladesh.

The portfolio comprises the Mastercard Titanium Credit Card, World Mastercard Credit Card, Mastercard Debit Card, Mastercard Platinum Global Debit Card, and a Mastercard Prepaid Card.

These cards are equipped with contactless technology, dual-currency support, and are secured by robust two-factor authentication, ensuring a seamless and secure payment experience for both domestic and international transactions.

Cardholders can enjoy privileges across travel, lifestyle, and dining categories, along with attractive discounts and exclusive deals at over 9,000 partner merchant outlets of Mastercard and Mercantile Bank PLC throughout the country.

Additionally, they have the facility to withdraw cash at any time from both domestic and international ATMs, ensuring uninterrupted access to funds.

Salehuddin Ahmed, adviser to Ministry of Finance and Ministry of Science and Technology, inaugurated the cards as the chief guest at the Radisson Blu Water Garden Hotel in Dhaka today, said a press release.

Salehuddin Ahmed stated, "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," he added.

Md Zakir Hossain Chowdhury, deputy governor of Bangladesh Bank, and Md Anwarul Haque, chairman of Mercantile Bank PLC, joined the event as special guests.

Akram Hossain (Humayun), vice-chairman of the bank; MA Khan Belal, chairman of executive committee; Mohammad Abdul Awal, chairman of risk management committee; and Mosharref Hossain, Director; were present.

Among others, Mati Ul Hasan, managing director of Mercantile Bank; Md Zahid Hossain, deputy managing director and chief business officer; Tapash Chandra Paul, chief financial officer; Md Zakir Hossain and Shamim Ahmed, deputy managing directors; Mostafizur Rahman, head of cards; Syed Mohammad Kamal, country manager for Bangladesh at Mastercard; and Zakia Sultana, director, were also present.