MTB, Mastercard introduce biz credit card

Mutual Trust Bank Limited (MTB) and Mastercard launched a business credit card solution on Tuesday, as Walmart Global Sourcing (WMGS) Bangladesh Private Limited was the first client to avail it, according to a statement.

Designed to meet the unique challenges faced by modern enterprises, the MTB Mastercard Business Credit Card is set to redefine the way businesses manage their financial transactions.

According to the press release, businesses can efficiently and effectively manage their expenses with this newly launched solution, whether it is travel and entertainment expenses, marketing expenses or any other business spending.

The card is a dual currency card that can be used for international transactions in line with the guidelines issued by the central bank.

A business entity can nominate its employees or owners to receive cards, and it can nominate any number of individuals. The card will feature both the business entity's name and the cardholder's name.

Then the total credit limit sanctioned for a business entity will be divided among the nominated individuals, according to the press release.

Besides, MTB Mastercard Business Credit Card-holders will enjoy complimentary access to MTB Air Lounges at Hazrat Shahjalal International Airport (both domestic and international terminals), Dhaka; Shah Amanat International Airport (domestic terminal), Chattogram; Osmani International Airport (domestic terminal), Sylhet; Saidpur Airport; and Cox's Bazar Airport.

Cardholders travelling overseas can also avail themselves of meet-and-greet services at Hazrat Shahjalal International Airport.

"This launch signifies a significant milestone for Mutual Trust Bank Limited (MTB) in Bangladesh, reinforcing its position as a leading provider of innovative financial products and solutions. Through strategic collaborations with esteemed organisations like Mastercard and Walmart Bangladesh, we shall continue to drive digital transformation and contribute to the growth of the country's financial ecosystem," said Syed Mahbubur Rahman, managing director & CEO of MTB.

"Mastercard is committed to strengthening Bangladesh's digital economy and its digital payments ecosystem by introducing new and exciting products and solutions for its partners. This collaboration with Mutual Trust Bank Limited also reiterates the company's resolve to provide convenient and secure payment options to people and businesses, to instil a digital-first approach in them," said Vikas Varma, chief operating officer, South Asia, Mastercard.

"Mastercard is thrilled to collaborate with Mutual Trust Bank Limited (MTB) and Walmart Bangladesh to launch this business credit card. The new business credit card will not only ensure seamless and safe digital transactions but also support cardholders with travel and business expense management." said Syed Mohammad Kamal, country manager, Bangladesh, Mastercard.