Visa, a global leader in digital payments, announced that they will soon launch the Visa Flexible Credential (VFC), also known as Flex, in partnership with Eastern Bank PLC.
Visa Flex is an innovative solution that allows a single Visa credential (the 16-digit number unique to an issued card) to access multiple funding accounts, offering users a seamless financial management experience.
With Flex, cardholders of EBL will be able to link various funding sources, such as savings, credit, and prepaid accounts, all under one card. This flexibility will empower users to manage their finances more efficiently by setting smart rules for transactions, such as routing specific purchases to different accounts based on their preferences like transaction amount or currency.
Sabbir Ahmed, country manager, Bangladesh, Nepal and Bhutan, Visa commented on the association saying, 鈥楾his revolutionary solution is set to redefine the way our cardholders manage their payments, providing them with greater control and flexibility across debit as well as credit purchases.鈥�
Ali Reza Iftekhar, managing director and CEO of EBL, said, 鈥榃ith this innovative offering, our customers will be able to access funds across multiple cards through a single credential. This initiative reflects our commitment to simplifying banking and enhancing everyday financial experiences.鈥�
