Mastercard holds Excellence Awards 2020 in Bangladesh

Business Desk | Published: 22:24, Nov 28,2020


Mastercard has announced the Mastercard Excellence Awards 2020 at a virtual ceremony recognising top-performing banks, financial institutions and partner merchants, said a press release.

The ceremony was a celebration of the company’s achievements of close to three decades underlining its commitment to building a seamless, secure and efficient digital payments ecosystem in Bangladesh and supporting the country’s financial inclusion goals.

Banks, financial institutions and merchants across 11 categories were recognised for their accomplishments in bringing innovative solutions towards this goal.

Prime minister’s private industry and investment affairs adviser Salman F Rahman was present at the event as the chief guest.

Mastercard South Asia division president Porush Singh, South Asia chief operating officer Vikas Varma, Bangladesh country manager Syed Mohammad Kamal, and other senior officials from partner banks and financial institutions attended the event. Speaking on the occasion, Porush Singh said, ‘Mastercard fully supports the vision of the Government of People’s Republic of Bangladesh to build a Digital Bangladesh by 2021.’

‘Mastercard remains committed to its partners and will continue to work in collaboration with them and other local stakeholders to create a safe, secure and seamless payments ecosystem in the country.’

In its second year, Mastercard Excellence Awards aims to recognise partners for their contribution to creating innovative solutions and delivering accomplishments in various areas of business growth.

Mastercard is the first payments scheme in Bangladesh that ensured interoperability between MFS and card by launching Add Money and BanglaQR, Bangladesh’s first Interoperable QR code acceptance solution approved by Bangladesh Bank, in collaboration with its partners in recent years.

In the past 29 years of operations, Mastercard has partnered with 20 banks in Bangladesh, including AB Bank, Bank Asia, Al-Arafah Islami Bank, BRAC Bank, Dhaka Bank, Dutch Bangla Bank, Eastern Bank, Islami Bank, LankaBangla Finance, Mutual Trust Bank, National Bank, NCC Bank, Premier Bank, Prime Bank, Pubali Bank, Social Islami Bank, Southeast Bank, Standard Chartered Bank, The City Bank and United Commercial Bank.

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