Mercantile Bank gets Mastercard licence

Published : 05 Jun 2024 08:02 PM

Mercantile Bank PLC has joined hands with Mastercard by securing a license from the global payment technology service provider. 

This partnership will extend the bank’s card services, making them more advanced and technology-driven. Mercantile Bank has been granted the license as a principal member. 

Syed Mohammad Kamal, Country Manager of Mastercard, handed over the license to Morshed Alam, MP, Chairman of Mercantile Bank, at a ceremony held at the bank’s head office. Md. Quamrul Islam Chowdhury, Managing Director of the bank, delivered a welcome speech on the occasion. 

Through this partnership, Mercantile Bank can now provide enhanced payment facilities to its customers worldwide, alongside the existing VISA card services. Customers can enjoy ATM and POS transaction facilities globally wherever Mastercard is accepted.

The ceremony was attended by Al-Haj Akram Hossain (Humayun) and Md. Abdul Hannan, Vice Chairmen; MA Khan Belal, Chairman of the Executive Committee; Md. Anwarul Haq, Chairman of the Risk Management Committee; ASM Feroz Alam, Chairman of Mercantile Bank Securities Ltd.; M. Amanullah, Chairman of Mercantile Exchange House (UK) Limited; Alhaj Mosharref Hossain and Mohammad Abdul Awal, Directors; Jalal Hossain Khan, Shareholder; Mati Ul Hasan, AMD and Zakia Sultana, Director, Mastercard.