BRAC Bank wins Mastercard POS Acquiring Business award

BRAC Bank Limited has received the award for 'Excellence in Mastercard POS Acquiring Business 2018-19' category from Mastercard for its performance for the period of July 2018 to June 2019, said a statement.

Selim R. F. Hussain, Managing Director and Chief Executive Officer, BRAC Bank Limited, received the award in the first-ever "Mastercard Payments Summit & Gala Award Night 2019" at a city hotel recently.

Senior officials of BRAC Bank were also present at the programme.

Mastercard organised the programme to celebrate the 28th anniversary of its presence in Bangladesh and six years of its Bangladesh Office.

Commenting on the accolade, BRAC Bank's Hussain said, "Consumers' expectations about their experiences with brands are changing. The future of loyalty needs to be re-imagined to enable seamless digital experiences and we believe our unique and lucrative cards proposition and extensive acquiring presence with innovative services will categorically meet the evolving needs of the customers. This prestigious recognition from Mastercard reiterates our business strength in the cards industry."

Md. Ashadul Islam, Senior Secretary, Financial Institutions Division, Ministry of Finance, Ahmed Jamal, Deputy Governor, Bangladesh Bank, JoAnne Wagner, Charge d' Affairs, US Embassy to Bangladesh, Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh; and MD & CEOs and senior representatives from leading financial institutions, dignitaries, chamber leaders, business community and merchants from across the country attended the summit.