Mutual Trust Bank Ltd. (MTB) has recently signed a partnership agreement with UnionPay International, the largest card payment organization in the world in terms of number of cards under issuance. Under the agreement, MTB will issue UnionPay debit and credit cards (both contact and contactless) as the first private commercial bank in Bangladesh. The bank will also acquire UnionPay cards across its wide network of Point of Sales (POS) devices and ATMs and launch UnionPay QR Code, P2P and Money Express. Both Mutual Trust Bank Ltd and UnionPay International aim at taking the payment ecosystem of Bangladesh to a new height through this partnership.
Cai Jianbo, CEO, UnionPay International and Anis A. Khan, Managing Director & CEO of MTB signed the agreement on behalf of the respective organizations at the Head office of UnionPay International, Shanghai, China. Mohammad Anwar Hossain, EVP & Head of Cards, MTB and senior officials of UnionPay International were also present at the signing ceremony.