Eastern Bank introduces UnionPay Credit Card in Bangladesh

Eastern Bank Ltd. (EBL) once again to the delight of Bangladeshi customers introduces one of the most popular global card brands in the country. With USD 98.3 billion global purchase transaction, the newly introduced UnionPay Card is number one in Asia-Pacific Region and globally in the second position.

The UnionPay Credit Card was formally launched on 22nd December 2019 at The Westin Dhaka. Li Jiming, Ambassador of China to Bangladesh was the chief guest on the occasion. Ali Reza Iftekhar, Managing Director and CEO, M. Khorshed Anowar, Head of Retail and SME Banking of EBL, Ashutosh Agrawal, General Manager of UnionPay International addressed the gathering of diplomats, top corporate personalities, social and business elites at the ceremony.

Chinese Ambassador in his speech said, “The launch of UnionPay Credit Card by EBL marks another milestone in the progress of financial cooperation between China and Bangladesh. The successful issuance of UnionPay Credit Card will surely facilitate international transactions and open up new business opportunities”.

Ali Reza Iftekhar terming the launching moment as historical said, “We are excited to bring the largest card brand of China to Bangladesh. In EBL, we are passionate to make banking more smooth, hassle-free, and rewarding for our valued customers”.

“UnionPay Credit Card we believe will be a great support for the growing business relation with China and other South East Asian countries where it has high acceptance”.

Initially UnionPay Cards issued by EBL will be accepted at over 200 ATMs of the Bank and very soon at over 3000 EBL POS at different merchant outlets within the country. EBL UnionPay Cardholders will enjoy all usual EBL card product features including ZIP and EasyCredit. Additionally, cardholders will continuously receive different discount facilities and privileges offered by both EBL and UnionPay throughout the year. The card is accompanied by triple insurance coverage including accidental coverage up to BDT 7 lac.                                                                                                                           

UnionPay Cards are accepted at over 28.5 million merchants and more than 1.75 million ATMs across 177 countries and regions worldwide. Almost all merchants and ATMs in mainland China accept UnionPay Cards. It has partnership with more than 2000 institutions globally.

Ashutosh Agrawal in his speech said, “Our new product, UnionPay QuickPass Credit Card is a contactless payment product that enables cardholders to make fast and easy tap-and-go payments in compliance with the EMV International standard, which offers high security and safety to our cardholders”.