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EBL with Mastercard steps into new era of digital payments

It introduces wearable payment solution
Staff Correspondent
11 Sep 2023 20:51:00 | Update: 11 Sep 2023 20:53:37
EBL with Mastercard steps into new era of digital payments
— Courtesy Photo

Eastern Bank PLC (EBL), in collaboration with Mastercard, on Monday unveiled “WEAREBL” - the country’s first revolutionary wearable payment device.

Users can Pop, Tap and Pay – all in one stylish device by upgrading their phone into a payment powerhouse with a pop-socket, read a press release.

This wearable payment device launched by EBL, named “Phone Grip,” offers seamless integration into the user’s daily routine, providing hassle-free, secure, and efficient contactless transactions that simplify life and amplify style.

By using this stylish wearable device equipped with contactless payment options, Mastercard cardholders will be able to make safe, secure and fast transactions. This first-of-its-kind product will meet the rising demand for contactless payment solutions for Bangladeshi users.

The launch ceremony was attended by the Chief Guest Muhammad Abdul Mannan, Honorable Minister of Ministry of Planning, Government of the People’s Republic of Bangladesh, Special Guest Md Sharafat Ullah Khan, director at Payment System Department of Bangladesh Bank, Ali Reza Iftekhar, managing director of Eastern Bank Ltd, Syed Mohammad Kamal, country manage of Mastercard Bangladesh and other senior officials from the respective organisations.

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