EBL launches contactless visa debit, prepaid cards

Eastern Bank Limited (EBL) has launched the country’s first contactless Visa Debit and Prepaid cards at the bank’s head office in the city’s Gulshan on Thursday.

The contactless cards not only provide the convenience of contactless payment but also offer all the existing features of regular EBL Debit and Prepaid Cards, the bank said in a statement.

Contactless cards are faster ways to pay with the EBL cards for purchases up to Tk 3,000 at participating stores. Instead of inserting the card into the merchant terminal, only through a simple tap of the card on the contactless terminal payment will be done without entering a PIN. Other benefits include a dual currency facility, faster access to funds globally 24/7, an online bill payment facility, international and local shopping, and access to shops and restaurants throughout the globe.

EBL Managing Director and CEO Ali Reza Iftekhar said, “For us, customer experience in seamless and hassle-free payment transactions is always a priority. With the introduction of the two new contactless Visa Debit and Prepaid cards, we will be able to serve our customers better. Visa has been one of the most valued partners in helping us bring in innovative products and services for the local market.”