StanChart Bangladesh wins Excellence in Mastercard Credit Business

Standard Chartered Bank has been recognised for “Excellence in Mastercard Credit Business (Domestic) 2019-20” and “Excellence in Mastercard Credit Business (International) 2019-20” at the “Mastercard Excellence Award 2020” event held recently.

Salman Fazlur Rahman, Advisor to the Honorable Prime Minister, Private Sector Industry and Investment was present as Chief Guest at the event. 

Porush Singh, Division President, South Asia, Mastercard, senior representatives from leading financial institutions, dignitaries, chamber leaders, business community leaders and merchants from across the country attended the program virtual programme.

Speaking about the recognition, Head of Retail Banking of Standard Chartered Bangladesh Sabbir Ahmed said, “Over the years, we have been consistently building on our pioneering legacy of having been the first to introduce Credit Cards in Bangladesh, with a wide range of credit card offerings that go beyond the ordinary and suit the evolving lifestyle needs of our clients.”

“I am delighted that our team’s pursuit of excellence has been recognized once again, and would like to thank our clients, regulators and the wider ecosystem for making this achievement possible,” he added. 

Division President (South Asia) of Mastercard Porush Singh said, “Bangladesh is a vibrant, dynamic market and an important part of our global footprint. It is also a market characterised by intensifying competition in the consumer finance space.”

“I congratulate Standard Chartered for distinguishing itself in this space with its unique capabilities, scale and most importantly, deep customer relationships built over 115 years of operation in the country,” he added.  

With continuous innovation in products and solutions, Standard Chartered Bangladesh has been pioneering the retail banking space in Bangladesh, a press release from the bank says.

It also claims that Standard Chartered was the first bank in the country to introduce Credit Cards. 

The bank was also the first to launch ATMs in Bangladesh to promote alternate channel banking along with internet banking solutions for the retail customers. 

Continuing the pioneering streak, the bank was the first to introduce an automated 24 hour call centre to address the needs of the clients day and night, the press release further states.