EBL introduces UnionPay Credit Card in Bangladesh

- A Monitor Report 23 Dec, 2019 | 1500 Views|-+
Dhaka: Eastern Bank Ltd (EB) introduced the popular global card brand UnionPay in Bangladesh through a launching ceremony held yesterday at a city hotel. With USD 98.3 billion global purchase transaction, the newly introduced UnionPay Card is number one in Asia-Pacific Region and in second position globally.

Li Jiming, Ambassador of China to Bangladesh was the chief guest on the occasion. Ali Reza Iftekhar, Managing Director and CEO, M Khorshed Anowar, Head of Retail and SME Banking of EBL and Ashutosh Agrawal, General Manager of UnionPay International addressed the gathering of diplomats, top corporate personalities, social and business elites present at the ceremony.

The Chinese Ambassador in his speech said, “The launch of UnionPay credit card by EBL marks another milestone in the progress of financial cooperation between China and Bangladesh. The successful issuance of UnionPay credit card will surely facilitate international transactions and open up new business opportunities.”

Ali Reza Iftekhar terming the launching moment as historical said, “We are excited to bring the largest card brand of China to Bangladesh. In EBL, we are passionate to make banking more smooth, hassle-free, and rewarding for our valued customers.”

Initially UnionPay Cards issued by EBL will be accepted in over 200 ATMs of the Bank and very soon in over 3000 EBL POS at different merchant outlets within the country. EBL UnionPay cardholders will enjoy all usual EBL card product features including ZIP, EasyCredit and Want2Buy.

Additionally, cardholders will continuously receive different discount facilities and privileges offered by both EBL and UnionPay throughout the year. The card is accompanied by triple insurance coverage including accidental coverage up to BDT 7 lac.

Ashutosh Agrawal in his speech said, “Our new product, UnionPay QuickPass Credit Card is a contactless payment product that enables cardholders to make fast and easy tap-and-go payments in compliance with the EMV International standard, which offers high security and safety to our cardholders.”

Globally, UnionPay cards are accepted at over 27 million merchants and more than 1.7 million ATMs across 177 countries and regions worldwide. Almost all merchants and ATMs in mainland China accept UnionPay cards. It has partnership with more than 2000 institutions globally.

Also on Bangladesh Monitor