MTB launched UnionPay Payment Solutions in Bangladesh

Mutual Trust Bank Ltd. (MTB) has started issuing UnionPay cards as the first commercial bank in the country, in collaboration with UnionPay International. MTB has also launched UnionPay QR code payment, digital wallet and virtual cards. Cai Jianbo, CEO of UnionPay International, Md. Hedayetullah, Chairman, Rashed A. Chowdhury, Director & former Chairman, M. A. Rouf, JP, Director & former Chairman and Anis A. Khan, Managing Director and CEO of MTB attended the launching ceremony of MTB UnionPay Payment Solutions.

Subsequent to the agreement signed between MTB and UnionPay International in Shanghai, China, in March, 2018, MTB has brought these unique and innovative payment services on a much secured platform within a very short period of time. UnionPay International has become the first international card organization to launch QR code payment, e-wallet and digital card issuance business in Bangladesh. According to the agreement, MTB is issuing UnionPay debit and credit cards (both contact and contactless) as the first commercial bank in Bangladesh. The bank will also accept UnionPay cards, issued worldwide, across its wide network of Point of Sales (POS) devices and ATMs. Both Mutual Trust Bank Ltd and UnionPay International aim at taking the payment ecosystem of Bangladesh to a new height through this partnership.

Among others, Liu Heng, General Manager, UnionPay Hong Kong Office, Zhang Zihong, Project Manager, South Asia, Jiang Renjie, Country Manager, Nepal and Bangladesh of UnionPay International, Sergey Putenikhin, VP, Eastern Joint Regional Directorate Managing Director, Igor Simonov, Regional Sales & Account Manager of Compass Plus, Russia and Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer (CBO), Goutam Prosad Das, Deputy Managing Director, Mohammad Anwar Hossain, Head of Cards of MTB and senior officials of MTB and UnionPay International were also present at the event.

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