Dual currency prepaid card launched for f-commerce female entrepreneurs

Mastercard in collaboration with Mutual Trust Bank and eCourier today launched a dual currency prepaid card for f-commerce female entrepreneurs.

The first-of-a-kind product in the country will enable women entrepreneurs to boost their Facebook pages without third-party payment support.

eCourier, a last mile logistic platform which also makes f-commerce delivery, will transfer funds directly to a client's prepaid cards, eliminating the need for women entrepreneurs to go in-person to collect cash from eCourier.

"The pandemic accelerated a significant shift in consumer spending to e-commerce channels like Facebook," said Syed Mohammad Kamal, country manager of Mastercard Bangladesh.

With women entrepreneurs dominating F-commerce in Bangladesh, Mastercard is delighted to collaborate for the first social media prepaid card that allows them to seamlessly buy and sell on Facebook."

"This will further empower and encourage female entrepreneurship to thrive and grow in Bangladesh by helping businesses to increase sales while enhancing the shopping experience for consumers," he said.

"eCourier is thrilled to collaborate with Mastercard and Mutual Trust Bank Limited to announce the first ever co-branded prepaid card for women entrepreneurs," said Biplob Ghosh Rahul, chief executive officer of eCourier.

"eCourier, the first private logistics and courier brand in Bangladesh, has been supporting women entrepreneurs and their endevours through customised state-of-the-art logistics solutions for the last eight years and till date has delivered more than nine million parcels across 64 districts in Bangladesh."