BRAC Bank launches Visa Multicurrency SME Business Debit & Credit Cards

BRAC Bank has recently introduced Visa Multicurrency SME Business Debit and Credit Cards to enable small and medium enterprise (SME) customers to perform authorised B2B local and foreign currency transactions, supporting smoother business operations.

The cards were launched at a ceremony held on Wednesday at the bank’s head office, according to a press release.

Guests of honour included Sabbir Ahmed, Country Manager – Bangladesh, Nepal and Bhutan, Visa, and Nazeem Hassan Satter, Deputy Managing Director, SME Foundation.

The launch marks a significant step in expanding foreign currency transactions in line with regulatory guidelines, while strengthening SMEs to engage in cross-border business activities.

The Visa Multicurrency SME Business Debit and Credit Cards allow eligible SME customers to access foreign exchange facilities under a dedicated SME business quota.

Under this facility, SME customers can perform foreign currency transactions of up to USD 3,000 annually.

The cards can be used for POS, ATM, and e-commerce transactions both locally and globally, enabling SMEs to expand operational reach, manage overseas payments efficiently, and participate more actively in the global economy.

Speaking at the event, Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said, “SMEs are at the heart of Bangladesh’s economic growth. With the launch of the Visa Multicurrency SME Business Debit and Credit Cards, we are addressing a real, practical need, empowering SMEs to transact globally with greater confidence, transparency, and regulatory alignment. We are thankful to Bangladesh Bank for providing the framework that makes this possible.”

Sabbir Ahmed added, “Digital payment solutions play a critical role in enabling SMEs to connect with global markets. Our partnership with BRAC Bank reflects a shared commitment to supporting SMEs through secure, reliable, and globally accepted payment solutions that simplify cross-border transactions and open new opportunities for growth.”

The initiative underlines BRAC Bank’s commitment to supporting SMEs with inclusive, regulation-compliant, and technology-driven financial solutions, strengthening its role as a trusted partner in promoting sustainable business growth and global connectivity for Bangladesh’s SME sector.