Mastercard, Mutual Trust Bank PLC (MTB) and Shamadhan Services Limited (gpay) have launched a co branded prepaid card, expanding access to financial services in Bangladesh by combining the convenience of a digital wallet with the versatility of a card, a press release said.

This new physical card seamlessly extends the utility of the gpay wallet into the physical world by mirroring the wallet’s balance in real time. It offers cardholders the ultimate flexibility to transact across digital and physical touchpoints, making everyday fund access more convenient than ever.

Designed to meet diverse payment needs, the card fully supports e-commerce, in-store purchases, QR transactions, ATM withdrawals, and contactless Tap & Go payments. To ensure complete financial peace of mind, users also receive real-time transaction notifications and instant balance updates for maximum control and visibility. 

Syed Mahbubur Rahman, Managing Director & CEO, Mutual Trust Bank, said, “At MTB, innovation and customer-centricity remain at the heart of our efforts to deliver meaningful banking experiences. Through this collaboration, we aim to introduce a modern prepaid solution that brings together banking and digital wallet services, enabling greater convenience, security, and flexibility for our customers in managing finances.”

Through this collaboration, the three entities aim to deliver a convenient payment solution that bridges digital and physical experiences while supporting broader access to secure and inclusive financial services.

Zakia Sultana, Country Manager, Bangladesh, Mastercard, said, “Consumers today increasingly expect unique payment experiences that are integrated into their digital lifestyles. This collaboration brings together the convenience of a digital wallet with the global acceptance and security of Mastercard network, enabling users to manage their funds with greater ease and confidence.”

Dr. Ahmed Armaan Siddiqui, Chief Executive Officer, Shamadhan Services Limited, said, “The introduction of this co-branded prepaid card reflects Shamadhan’s commitment to making digital financial services more accessible and convenient. By integrating the prepaid card with gpay wallet, we aim to provide customers with a connected payment experience, offering real-time access to funds and greater freedom in how they transact.”