Mutual Trust Bank & IDEX Biometrics unveil biometric cards in Bangladesh

By Gloria Mathias

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.