City Bank will start accepting UnionPay cards in Bangladesh
Dhaka, November 20, 2018: City Bank recently signed an agreement with UnionPay International, one of the largest card payment companies in the world. From now on, City Bank, possessor of country’s largest Point-of-Sales (POS) network, will be able to accept more than 7 billion UnionPay cards issued globally. In addition, UnionPay cardholders can also make QR code and e-commerce payments through City Bank’s robust network. By inking this deal, City Bank became the only acquirer in Bangladesh who can now accept all major international card brands.
Mashrur Arefin, Additional Managing Director of City Bank and Cai Jianbo, Chief Executive Officer of UnionPay International signed the agreement on behalf of their respective organizations. Among others present were City Bank’s DMDs Kazi Azizur Rahman and Mahia Juned; Head of Cards Majharul Islam and UnionPay International’s General Manager -Hong Kong and South Asia Liu Heng and other senior officials from both the organizations. The ceremony ended with discussions on further strategic alliance between the two organizations.