Midland Bank gets Mastercard licence for global transactions

Midland Bank PLC has received an affiliated membership licence from Mastercard, a global digital payment solutions provider.

Md Ahsan-uz-Zaman, managing director and CEO of Midland Bank PLC, received the licence from Syed Mohammad Kamal, country manager of Mastercard Bangladesh, at a ceremony held at the bank’s head office in Dhaka on Saturday, according to a press release.

The partnership establishes Midland Bank as a Mastercard-affiliated member, enabling the bank to issue Mastercard credit, debit and prepaid cards. It will allow customers to enjoy seamless ATM, POS and e-commerce transactions worldwide. The licence also unlocks access to digital wallet integrations, cross-border payments and other innovative Mastercard digital services, offering faster and more secure everyday banking.

Md Zahid Hossain, deputy managing director and chief risk officer of the bank, and Md Nazmul Huda Sarkar, deputy managing director and head of IT and chief technology officer, among others, were also present.