Expands in Bangladesh.
MasterCard has announced the official opening of a local representative office in Dhaka, Bangladesh. The first in the industry to inaugurate an office in Bangladesh.
MasterCard’s decision to open an office in Bangladesh is based on the potential growth of the e-commerce market. Situated in the heart of Gulshan, Dhaka, the Bangladesh office will be headed by Syed Mohammad Kamal, country manager, MasterCard Bangladesh.
“Bangladesh is an important market for the electronic payments industry and being relatively untapped, presents an opportunity to offer innovative payment services spearheaded, in particular, by mobile phones. Our geographical presence and market position have witnessed sustained growth and today, with the launch of our office in Bangladesh, we have achieved yet another significant milestone,” said Ari Sarker, division president, South Asia, MasterCard.
Speaking at the opening ceremony, Atiur Rahman, the Governor of Bangladesh Bank said “We welcome the opening of MasterCard’s office in Bangladesh. MasterCard was started offering its services in Bangladesh in 1997 and we are happy to see that they now have a team operating on the ground. We look forward to having MasterCard work even more closely with the local partners to implement world-class payment solutions as well as help develop the local industry.”
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