LankaBangla Finance PLC and STS Capital Ltd. (STS Group), in partnership with Mastercard, recently launched a co-branded credit card offering exclusive benefits for STS Group’s employees, teachers, and parents of students under the STS education umbrella, including Universal College Bangladesh (UCB), International School Dhaka (ISD), Glenrich International School and STS Group as well.
The card unveiling and an agreement signing ceremony took place at the Universal College Bangladesh (UCB) Campus in Gulshan, Dhaka; one of the concerns of the STS group.
The co-branded titanium credit card enables parents involved with the STS education umbrella to pay tuition fees and convert to EMI’s with competitive interest rates. It also comes with exclusive financial benefits including a two-year annual fee waiver and from the third year onwards, a waiver will be granted upon making a minimum of 12 transactions. Cardholders can enjoy a flexible limit range up to BDT 10 lacs. The credit card also offers airport lounge access, unlimited Meet & Greet service; discount facilities are available at over 1,300 merchant points and more than 900 Ezypay merchant partners, offering 0% interest. Card members can avail up to 3 free supplementary cards. This card also offers exclusive travel benefits, reward Points, 24/7 call center support, and more financial benefits to employees, teachers, and parents of institutions under STS Group.
Humaira Azam, Managing Director of LankaBangla Finance PLC, said, “We are delighted to collaborate with STS Group to introduce this unique credit card. It has been designed to provide valuable benefits to employees, teachers and parents of STS group to further streamlining their financial management plans related to education”
Regarding the partnership, Manas Singh, CEO of STS Group Ltd., said, “Through this partnership with LankaBangla Finance PLC., we opt to enhance financial services available within our STS community. The co-branded credit card offers a range of benefits tailored specifically for the educational sector, which should duly support and empower our partners”.
Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, said, “Mastercard is delighted to collaborate with LankaBangla Finance PLC and STS Group to introduce this new card for the employees, teachers and parents. This association will ensure long-term partnership and financial benefits for the STS community. This launch is in line with Mastercard’s commitment to promote digital payments adoption among communities in Bangladesh.
On behalf of STS Group, S M Rahmatul Mujeeb, FCA, Chief Financial Officer, STS Capital Ltd.; Kingshuk Gupta, Chief Operating Officer, Universal College Bangladesh; were present during the signing. Representing LankaBangla Finance PLC., the signing ceremony was also attended by Khurshed Alam, Head of Retail Business; A.K.M. Kamruzzaman, Head of Operations and Mr. Jubaer Hossain, Manager at Mastercard, along with other senior officials from the three organizations, were present.
