Community Bank Bangladesh Limited signed Visa Associate Membership Agreement with EBL on November 5, 2019. In the agreement EBL is the principal member offering VISA associate membership to Community Bank.
Under the VISA associate membership agreement with EBL, Community Bank can issue VISA branded debit, credit and prepaid cards and can also distribute their POS machines to the market which has opened a new business opportunity for them.
Ali Reza Iftekhar, MD & CEO, Eastern Bank Limited and Masihul Huq Chowdhury, MD & CEO, Community Bank Bangladesh Limited signed the agreement on behalf of their respective organizations. Ahsan Ullah Chowdhury, Head of Cards and Digital Banking, Eastern Bank Limited, Md. Abdul Qaium Khan, Chief Information Officer, Community Bank and Syed M Omar Tayub, Chief Business Officer, Community Bank as well as other senior officials from both of the organizations were present at the signing ceremony.
VISA is the most acceptable payment network in the world and EBL is one of their biggest Principal Member in Bangladesh. Under a principal member the associate members can also be part of VISA network and ensure smoother operation.