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MTB, Seba Pay and MasterCard launch first SME prepaid card in the country
Mutual Trust Bank PLC (MTB), Sheba Pay and MasterCard have launched the country’s first prepaid card for small and medium enterprises (SMEs). The card was launched at a hotel in Gulshan on Sunday.
MTB, Seba Pay and MasterCard launch first SME prepaid card in the country
The card, called the ‘Companion Prepaid Card’, has been specially designed for SME retailers transacting on Sheba Pay’s business-to-business (B2B) platform. The card offers various benefits including business transactions without a bank account, cash flow management, and timely bill payments. It also offers contactless payment, instant balance checking, ATM withdrawals, and online and offline transactions at home and abroad through NFC technology. Bangladesh Bank Deputy Governor Md. Zakir Hossain Chowdhury was the chief guest at the inauguration ceremony. Also present were Bangladesh Bank Director (SMESPD) Naushad Mostafa, SME Foundation Managing Director (MD) Anwar Hossain Chowdhury, MTB MD and CEO Syed Mahbubur Rahman, MasterCard Bangladesh Head Syed Mohammad Kamal, Seba Pay Chairman Adnan Imtiaz Halim, among others.
MTB MD Mahbubur Rahman said, “This is an important step to bring modern financial services to the people without having to rely on accounts.”
Seba Pay Chairman Adnan Imtiaz Halim said, “Our goal at Seba Pay is to make transactions easier in Bangladesh. Customers will be able to keep up with the digital economy with confidence without relying on conventional banking channels.”
A consumer prepaid card has also been launched for general customers. This card will be available in both plastic and virtual forms. Cardholders will be able to enjoy discounts at more than 9,000 merchant points in the country in addition to various offers from MasterCard.
Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh, said, “This first prepaid card in the country will increase our digital acceptance. At the same time, the launch of this card is part of our commitment to ensuring financial inclusion by providing easy, secure and timely transaction services.” make
