Dhaka Bank collaborates with Mastercard to launch SME credit card

Dhaka Bank PLC has collaborated with Mastercard to introduce the Dhaka Bank Mastercard SME credit card. The dual-currency payment solution is designed to help small and medium-sized enterprises manage expenses more effectively, optimize cash flow, and support business growth.

Tailored to the evolving needs of SMEs, the new card offers customized spending limits and flexible repayment options, enabling business owners to better manage cash flow while maintaining greater financial control over their day-to-day operations, says a press release. 

As per applicable Bangladesh Bank guidelines, eligible SMEs registered with the SME Foundation may avail an annual foreign exchange remittance limit of up to USD 3,000 for legitimate current or operational business expenses abroad. The dual-currency feature also facilitates seamless domestic and international transactions, providing added convenience for businesses engaged in cross-border trade and travel.

In addition to convenient access to credit, cardholders enjoy a range of premium business and lifestyle benefits. These include complimentary access to selected international airport lounges and the Balaka Lounge at Hazrat Shahjalal International Airport, exclusive Mastercard-led offers at more than 10,000 merchant locations across Bangladesh, international discounts, year-round buy-one-get-one offers at participating hotels and restaurants, complimentary airport pick-up and drop-off services, and dedicated support through the Dhaka Bank Card Experience Center.

The launch was attended by Hafia Tazrean, Additional Director, SME and Special Programmes Department (SMESPD), Bangladesh Bank; Zakia Sultana, Country Manager, Mastercard, Bangladesh; A K M Shahnawaj, Additional Managing Director, Dhaka Bank; Md. Mostaque Ahmed, Deputy Managing Director (DMD) & Chief Emerging Markets Officer (CEMO), Dhaka Bank; H. M. Mostafizur Rahaman, Senior Executive Vice President (SEVP) and Head of Retail Business, Dhaka Bank; Mohammad Mahbubur Rahman Palash, Executive Vice President (EVP) and Head of MSME and Emerging Business Division, Dhaka Bank; and Jubaer Hossain, Lead Merchant and Commerce, Mastercard, Bangladesh, along with senior officials from Dhaka Bank PLC and Mastercard.