Midland Bank PLC has recently launched ‘Blind Notch Taka Pay Card’ for its customers, said a press release.
Managing director and chief executive officer Md Ahsan-uz Zaman inaugurated the Taka Pay card in a ceremony held at the bank’s head office in the capital.
Deputy managing director Md Zahid Hossain, chief technology officer Nazmul Huda Sarkar, retail distribution division head Md Rashed Akter and cards head Md Abed-Ur-Rahman were also present alongside the MD.
The Taka Pay card is Bangladesh’s own payment card, introduced under the directives of the Bangladesh Bank, aimed at reducing dependency on foreign currencies simplifying local transactions. It is primarily a debit card used exclusively for domestic transactions.
Currently, the card can be used at POS and ATM machines. The Bangladesh Bank has indicated that e-commerce transactions would be enabled soon. The card will make local market transactions more convenient and cost-effective. Taka Pay offers safe transactions for both online and offline payments. Transaction costs are expected to be lower compared to international cards, the release said.