BRAC Bank launches Visa multicurrency cards for SMEs
BRAC Bank has introduced Visa multicurrency SME business debit and credit cards, enabling small and medium enterprise (SME) customers to conduct authorised business-to-business transactions in both local and foreign currencies and supporting smoother business operations.
The cards were launched at a ceremony held on 21 January 2026 at the bank's head office. Guests of honour included Sabbir Ahmed, country manager for Bangladesh, Nepal and Bhutan at Visa, and Nazeem Hassan Satter, deputy managing director of the SME Foundation.
The launch marks a step forward in expanding foreign currency transactions in line with regulatory guidelines, while strengthening SMEs' capacity to engage in cross-border business.
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Under the facility, eligible SME customers may access foreign exchange services within a dedicated SME business quota, allowing foreign currency transactions of up to $3,000 annually. The Visa multicurrency SME business debit and credit cards can be used for point-of-sale, ATM and e-commerce transactions both locally and internationally, enabling SMEs to manage overseas payments more efficiently and participate more actively in the global economy.
Speaking at the event, Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank, said SMEs are central to Bangladesh's economic growth.
"With the launch of the Visa multicurrency SME business debit and credit cards, we are addressing a practical need by empowering SMEs to transact globally with greater confidence, transparency and regulatory compliance. We are grateful to Bangladesh Bank for providing the framework that made this possible," he said.
Sabbir Ahmed said digital payment solutions play a key role in connecting SMEs to global markets.
"Our partnership with BRAC Bank reflects a shared commitment to supporting SMEs through secure, reliable, and globally accepted payment solutions that simplify cross-border transactions and create new growth opportunities," he said.
The initiative underscores BRAC Bank's commitment to supporting SMEs with inclusive, regulation-compliant, and technology-driven financial solutions, reinforcing its role as a trusted partner in promoting sustainable business growth and global connectivity for Bangladesh's SME sector.
