Islami Bank brings Mastercard dual currency card

Cellfin, the omni-channel banking app of Islami Bank Bangladesh Ltd (IBBL), recently rolled out a dual currency-supported virtual prepaid card of Mastercard.

Mohammed Monirul Moula, managing director of the bank, inaugurated the card at a hotel in Dhaka, a press release said.

The card enables fund transfers to cards or accounts of any bank connected to the National Payment Switch Bangladesh, the Bangladesh Electronic Funds Transfer Network or the Real Time Gross Settlement network.

Merchant payment, bill and fee payment, e-ticketing and mobile recharge can also be done. The card will enable purchase from any local or foreign e-commerce sites. Customers will have to have foreign currencies endorsed against their passports to carry out international transactions. 

Vikas Varma, chief operating officer of Mastercard for South Asia, and Syed Mohammad Kamal, country manager of Mastercard, were present.