back Back

Mutual Trust Bank & IDEX Biometrics unveil biometric cards in Bangladesh

By Gloria Mathias

April 03, 2024

  • APAC news
  • Bangladesh fintech
  • Bangladesh news
Share

Mutual Trust Bank, Fintech News, Fintech Solutions, Fintech Innovation, Fintech partnership, Biometric Cards, IDEX Biometrics, Card Payments, Bangladesh news, Bangladesh Fintech, Fintech News, APAC News, Mutual Trust Bank (MTB), a Bangladesh-based bank, has launched biometric payment cards in partnership with IDEX Pay, the biometric solution from IDEX Biometrics.

MTB is known for bringing innovative solutions to the market in a customer-centric way, with their digital banking approach largely contributing to Bangladesh’s economic growth, offering financial support and inclusion for all. Biometric payment cards with fingerprint sensors offer unparalleled security by uniquely linking the cardholder’s identity to each transaction.

“Contactless biometric payment cards align perfectly with MTB’s strategy of providing the most innovative, secure, and frictionless payment solutions to our growing consumer base. These cards are expected to attract new customers and increase card usage among existing customers, bringing financial empowerment to the people of Bangladesh,” said Syed Mahbubur Rahman, Managing Director & CEO at MTB.

“IDEX Biometrics continues our strategic focus on growth markets in Asia, pioneering biometric payments in Bangladesh. MTB is sharing our focus to continuously evolve toward the most convenient customer experience. Together we are bringing secure payments and ease of use to many more, meeting their lifestyles and financial needs,” shared Catharina Eklof, Chief Commercial Officer at IDEX Biometrics.

IDEX Biometrics ASA is a global technology in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. The solutions bring convenience, security, peace of mind and seamless user experiences to its consumers.

Mutual Trust Bank PLC (MTB) is a third-generation private commercial bank, based in Dhaka, Bangladesh. With a current network of 119 branches and 33 Sub branches, 200 Agent Banking Centers, 18 kiosks, 310 modern ATMs including 6 CRM Booths, 4 Air Lounges, and over 3,220 Point of Sales (POS) machines, located in prime commercial, urban and rural areas, MTB offers fully integrated real-time Online Banking Services, Internet and SMS banking to its clientele.

Previous Article

April 03, 2024

Adyen & PayMe by HSBC team to expand Hong Kong footprint

Read More
Next Article

April 03, 2024

Paymentology & Rain unveil payment solution for Web 3.0, Digital Asset Businesses

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

APAC news

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

April 12, 2024

Parafin secures $125m warehouse facility from Silicon Valley Bank & Trinity Capital

Read More

April 12, 2024

TransferGo raises $10m in funding from Taiwania Capital Management

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023