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July 4, 2011
City Bank gets into MasterCard issuing & acquiring business
Aziz Al Kaiser, Chairman of City Bank, K Mahmood Sattar, MD & CEO of City Bank, Mugizhnan Arcot Sambandhamoorthy, Associate Vice President - Business Development, MasterCard Worldwide, Sohail R. K. Hussain and Ehsan Khasru, AMDs and Mashrur Arefin, DMD of City Bank are seen in the picture.
City Bank entered into the world of MasterCard card business after the successful launch and operation of American Express & Visa Cards over the last few years. The bank launched MasterCard issuing and also acquiring business at a press conference at a local hotel yesterday. As part of this launch, City Bank introduced MasterCard Platinum International Debit Card also, which is the first dual currency Debit Card in the country. Platinum debit card comes with the flexibility of being used both locally and abroad with high level of privileges, and security. The bank also launched MasterCard regular Local Debit Card and City Manarah Islamic Debit Card.

The products were launched by Aziz Al Kaiser, Chairman of City Bank. Also present were K Mahmood Sattar, Managing Director & CEO of City Bank, bank's AMDs Sohail R K Hussain and Ehsan Khasru, DMD & Chief Communications Officer Mashrur Arefin, Acting Head of Cards Majharul Islam and MasterCard Worldwide AVP-Business Development, South Asia, Mugizhnan Arcot Sambandhamoorthy among others.

The MasterCard Platinum International Debit Card comes with many privileges among which free access to the bank's airport lounge in Dhaka and round the year 1 – for – 1 breakfast & launch at Café Nemo at Platinum Suites, Banani, Dhaka stand out.

Aziz Al Kaiser, Chairman of City Bank, stated at the press conference that, "I am proud to announce the launch of MasterCard Platinum International Debit Card, regular Local Card and City Manarah Islamic Debit Card to Bangladesh. With the launch of MasterCard, we are now the issuer and acquirer of 3 world class brands MasterCard, Visa and American Express in Bangladesh. City Bank has again shown its serious commitment to the development of the modern banking industry and its continuous endeavor to offer exciting products and services every year."

K Mahmood Sattar, MD & CEO of City Bank said, "MasterCard Platinum offers the facility to access the funds at over 1.9 million MasterCard ATMs worldwide & the privilege to access around 32 million outlets across the world."
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