Mutual Trust Bank (MTB) yesterday joined hands with UnionPay International to jointly launch debit and credit cards alongside QR code payment, e-wallet and digital card services for the first time in Bangladesh.
The virtual services allow payments through mobile phones, taking away the need for physically carrying cards. MTB signed the relevant agreements with UnionPay International in Shanghai, China in March.
Addressing the ceremony at MTB Tower in Dhaka, Cai Jianbo, CEO of UnionPay International, said the China-based payment solutions were in use in 170 countries. He said the cards could be used internationally for smoother transactions daily.