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Revolutionizing Payments in Bangladesh: Mutual Trust Bank Launches Biometric Payment Cards
A New Era of Secure and Convenient Payments
Dhaka, Bangladesh - April 2, 2024: In a groundbreaking move to empower its customers and enhance financial inclusion in Bangladesh, Mutual Trust Bank Limited (MTB) has partnered with IDEX Biometrics to launch biometric payment cards equipped with fingerprint sensors. This innovative solution is set to revolutionize the way people make payments in the country.
Unparalleled Security and Convenience
The biometric payment cards are designed to provide unparalleled security by uniquely linking each cardholder’s identity to every transaction, making them an attractive option for customers seeking a secure and convenient payment experience. Key features of the biometric payment cards include:
- Fingerprint recognition: Unique fingerprint patterns ensure that only authorized users can make transactions.
- Contactless payments: Easy and quick transactions without the need for physical contact.
- Secure storage: Card data is stored securely on the card, reducing the risk of unauthorized access.
A Strategic Partnership
“Contactless biometric payment cards align perfectly with MTB’s strategy of providing innovative, secure, and frictionless payment solutions to our growing consumer base,” said Syed Mahbubur Rahman, Managing Director & CEO at MTB. “These cards are expected to attract new customers and increase card usage among existing customers, bringing financial empowerment to the people of Bangladesh.”
Catharina Eklof, Chief Commercial Officer at IDEX Biometrics, added that this partnership is a strategic move to pioneer biometric payments in Bangladesh. “Together with MTB, we aim to continuously evolve toward the most convenient customer experience, bringing secure payments and ease of use to many more, meeting their lifestyles and financial needs.”
A Leader in Innovation
Mutual Trust Bank has consistently been at the forefront of innovation in the Bangladeshi banking sector, winning several awards for its commitment to diversity and inclusion. The bank’s digital banking approach has significantly contributed to Bangladesh’s economic growth, offering financial support and inclusion for all.
With this launch, MTB is set to further cement its position as a leader in the Bangladeshi banking industry, providing customers with a secure, convenient, and innovative payment experience.
About IDEX Biometrics
IDEX Biometrics is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind, and seamless user experiences to the world.
About Mutual Trust Bank
Mutual Trust Bank PLC (MTB) is a third-generation private commercial bank based in Dhaka, Bangladesh. MTB aspires to be one of the most admired banks in the nation and is recognized as an innovative and client-focused company.