EBL launches UnionPay debit, prepaid cards

Staff Correspondent

28 September, 2020 12:00 AM printer

EBL launches UnionPay debit, prepaid cards

Eastern Bank Limited (EBL) has launched the country’s first dual currency UnionPay debit card and prepaid card.

Cardholders can endorse up to US$ 12,000 yearly travel quota limit to the newly launched cards. These dual currency cards are accepted both locally and internationally and are good for e-commerce transactions as well, said a press release.

Talking about the launch, EBL Managing Director and CEO, Ali Reza Iftekhar said “Partnering with UnionPay International is an honor. The result of the partnership is EBL introduces first dual currency UnionPayCard in Bangladesh. Through our partnership we will offer innovative and exciting propositions to cardholders in Bangladesh and offer them cashless and seamless banking experience.”

 “UnionPay International is honored to partner with EBL to pioneer the very first dual currency card in Bangladesh, this is a new milestone for the bankcard industry in the region and the history of UnionPay International’s innovation in Bangladesh.