Midland Bank PLC recently signed a memorandum of understanding (MoU) with chaldal.com, the largest online grocery retail platform in Bangladesh.

The online grocery retailer has more than 50,000 subscribers and 200-plus business customers across Dhaka.

Iftekharul Alam, chief operating officer of Chaldal Payments Limited, and Md Rashed Akter, head of retail distribution division and chief bancassurance officer of the bank, penned the MoU at the bank's head office in the capital's Gulshan, the bank said in a press release.

All Midland Bank visa debit, credit and prepaid cardholders will enjoy a 5 percent discount for a minimum order of Tk 1,999, twice in a month, under the terms of this MoU.

Md Abed-Ur-Rahman, head of cards at the bank, Md Rashadul Anwar, head of public relations division, and Sazal Ahmed, merchant relationship officer, attended the signing ceremony.

Md Shahriar Rubayet, deputy director of the online retail platform, along with other senior officials from both organisations were also present.