BASIC Bank launches contactless credit card

State-owned  BASIC Bank Limited has launched dual currency contactless credit card.

BASIC Bank is the first among all the State-owned banks to launch such fecility, said a press release on Monday.

Professor Dr Md Abul Hashem, the chairman of the board of directors of the bank, joined in a virtual opening ceremony, arranged by the head office of the Bank on Sunday and inaugrated the card service.

BASIC Bank Managing Director Md Rafiqul Alam presided over the function where directors Shaheb Ali Mridha,  Md Razib Parvez and Md Rafiqul Islam participated in the programme.

The senior executives and concerned officials including the head of card division also attended the function.

BASIC Bank Professor Dr Abul Hashem said that the bank marked progress of another step in meeting customer demand in terms of technology oriented banking services. With Visa, a card service of international branding, customers can make their transactions easily both at home and abroad, the press released added.

Managing director of the bank, said that BASIC Bank is the pioneer among all the State-owned banks to launch Visa brand contactless credit card service. The special advantage of this card in the present era of coronavirus  pandemic is that transactions are possible without any touch of others. Cardholders will be able to enjoy speedy and easier transactions without entering their cards at the POS terminal.

In addition, customers would get discounts at various outlets while shopping and paying food bills. There would be real time SMS facility and e-alert service for transactions to be taken place.

This card uses EMV chip, which would facilitate maximum security for a transaction. In addition, up to 50 per cent of the credit limit can be withdrawn in cash. Besides, money can also be transferred to other accounts, the press release further added.