Eastern Bank Limited (EBL) in collaboration with Visa have unveiled exclusive co-branded cards and loan products for Startup Bangladesh Limited- the flagship venture capital fund of ICT Division, a press release said Thursday.
State Minister for ICT Division, Zunaid Ahmed Palak launched the card and loan products as the chief guest along with Turkish Ambassador Mostafa Osman Turan at a ceremony held at EBL head office in Gulshan, on 27th October, 2022.
The co-brand card product basket includes credit, debit and prepaid cards. The co-brand credit cards which come with a number of excluive benefits for the customers include zero issuance fees for the 1st year, zero renewal fee upon 18 transactions, and 2 free supplementary cards, among others. The cards will be usable for both domestic and international transactions.
On the other hand, ‘Startup Explorer’ is a loan product for Startups in Bangladesh.
Another product meant for freelancers titled ‘EBL Freedom Freelancer Visa Debit Card’, was also launched at the program, which will help them manage their foreign currency earnings smoother and efficiently.
“Bangladesh has become a fertile land for startups and innovation, which is transforming the startup ecosystem. According to a recent study over 1,200 startups are now actively functioning at the moment and every year 200 more are joining the industry.”Said Zunaid Ahmed Palak, State Minister for ICT Division.
Mustafa Osman Turan, Ambassador of Turkiye to Bangladesh noted, ‘Startups are the change-makers and Impact creators in society.”
Ali Reza Iftekhar, Managing Director and CEO of EBL said, ‘A strong believer of innovation and technology, EBL has always prioritized associating with names and organizations which work towards achieving the goal of digital transformation of Bangladesh.’
M. Khorshed Anowar, DMD and Head of Retail and SME Banking, Ziaul Karim, Head of Communications and External Affairs, Nahid Farzana, Head of Cards from Eastern Bank Limited were present among others on the occasion.
