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Bangladesh Fintech Sector Takes a Giant Leap with Biometric Payment Cards

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Dhaka, Bangladesh - In a significant move to enhance security and convenience in financial transactions, Mutual Trust Bank (MTB), one of the leading banks in Bangladesh, has launched biometric payment cards in partnership with IDEX Pay, the biometric solution from IDEX Biometrics.

Enhancing Security and Convenience

The innovative payment cards feature fingerprint sensors that uniquely link each cardholder’s identity to their transactions, providing unparalleled security and a frictionless experience for users. The move is expected to attract new customers and increase card usage among existing ones, bringing financial empowerment to the people of Bangladesh.

Key Benefits

  • Unparalleled security with biometric authentication
  • Frictionless experience for users
  • Attraction of new customers and increased card usage among existing ones

Partnership between MTB and IDEX Biometrics

“Contactless biometric payment cards align perfectly with MTB’s strategy of providing the most innovative, secure, and convenient solutions to our growing customer base,” said Syed Mahbubur Rahman, Managing Director & CEO at MTB. “These cards are expected to bring significant benefits to our customers and contribute to Bangladesh’s economic growth.”

Partnership Goals

  • Pioneer biometric payments in Bangladesh
  • Continuously evolve towards the most convenient customer experience
  • Meet the lifestyles and financial needs of the people

Impact on Fintech Sector in Bangladesh

The launch of biometric payment cards by MTB is seen as a significant milestone for the fintech sector in Bangladesh, which has been witnessing rapid growth in recent years. The introduction of innovative technologies like biometrics is expected to drive financial inclusion and empowerment among the masses.

Expected Outcomes

  • Increased financial inclusion and empowerment
  • Rapid growth of fintech sector in Bangladesh
  • Enhanced security and convenience in financial transactions