Mercantile Bank Granted Mastercard License2 min read

Mercantile Bank PLC has forged a strategic alliance with Mastercard, obtaining a pivotal license from the renowned global payment technology service provider. This milestone collaboration signifies a significant leap forward in Mercantile Bank’s endeavor to deliver cutting-edge card services to its clientele.

The issuance of the license as a principal member solidifies Mercantile Bank’s position in the financial landscape, enabling it to leverage Mastercard’s extensive network and innovative solutions. The official ceremony, held at the bank’s headquarters, saw Syed Mohammad Kamal, Country Manager of Mastercard, presenting the license to Morshed Alam, MP, Chairman of Mercantile Bank.

Amidst an atmosphere of anticipation and enthusiasm, Md Quamrul Islam Chowdhury, Managing Director of Mercantile Bank, extended a warm welcome to the distinguished guests, underscoring the significance of the partnership in elevating customer experience and expanding market reach. This collaboration paves the way for Mercantile Bank to offer a spectrum of enhanced payment facilities to its customers worldwide, complementing its existing VISA card services. Notably, customers will benefit from seamless ATM and POS transaction capabilities globally, wherever Mastercard is accepted.

The attendance of key officials from both Mercantile Bank and Mastercard underscored the mutual commitment to fostering innovation and driving financial inclusion. With the integration of Mastercard’s advanced technology, Mercantile Bank is poised to usher in a new era of convenience and efficiency in the realm of banking and payment services. In addition to the notable figures in attendance, senior officials from Mercantile Bank, including Deputy Managing Directors Md Zakir Hossain, Adil Raihan, Shamim Ahmed, and Ashim Kumar Saha, alongside CFO Tapash Chandra Paul and SEVPs Shah Md Sohel Khurshid and Mohammad Iqbal Rezwan, graced the occasion.

The partnership signifies a significant stride forward for Mercantile Bank as it embarks on a journey towards digital transformation and customer-centric innovation, setting new benchmarks for excellence in the banking industry.

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