Eastern Bank PLC, in collaboration with Mastercard, yesterday unveiled "WEAREBL," the country's first wearable payment device featuring cutting-edge NFC technology.

Users can tap and pay, all with one stylish device by upgrading their phone into a payment powerhouse with a pop-socket.

The device, named "Phone Grip", offers seamless integration into the user's daily routine, providing hassle-free, secure, and efficient contactless transactions that simplify life.

By using this device equipped with contactless payment options, Mastercard cardholders will be able to make safe, secure and fast transactions.

The product will meet the rising demand of contactless payment solutions for local users, the bank said in a press release.

Muhammad Abdul Mannan, minister for planning, attended the launch programme as chief guest.

Md Sharafat Ullah Khan, director of Payment System Department at the Bangladesh Bank, Ali Reza Iftekhar, managing director of Eastern Bank, Syed Mohammad Kamal, country manager of Mastercard Bangladesh, and other senior officials from the respective organisations were present.