UCB partners with Mastercard to make remittance faster and safer
United Commercial Bank PLC (UCB) has partnered with Mastercard to make cross-border money transfers faster, safer and more convenient for Non-Resident Bangladeshis (NRBs).
The collaboration marks a significant step towards expanding Bangladesh's international financial network and promoting the use of formal remittance channels.
The signing ceremony took place on Tuesday, 14 October 2025, at UCB's head office in Dhaka in the presence of senior officials from both organisations.
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Representing UCB were Adnan Masud, Additional Managing Director, and Md Abdullah Al Mamoon, Deputy Managing Director and Chief Operating Officer. From Mastercard, attendees included Suraj Vaghani, Senior Vice President, Network Management and Operations, Commercial and New Payment Flows, and Syed Mohammad Kamal, Country Manager for Bangladesh.
Adnan Masud, Additional Managing Director of UCB, said: "This collaboration reflects UCB's ongoing commitment to making cross-border remittance faster, safer and more accessible for millions of Bangladeshis living abroad. By integrating with Mastercard Transaction Services, we are enhancing our digital infrastructure to ensure timely fund delivery and greater convenience for recipients. This partnership will encourage the use of formal remittance channels whilst reinforcing our role in building a more transparent and inclusive financial system."
Suraj Vaghani, Senior Vice President, Mastercard, said: "This collaboration marks a significant step in strengthening financial connectivity between Bangladesh and its global diaspora. Remittances are a key driver of the economy, with Bangladesh consistently ranking among the world's top ten recipients. Through our partnership with UCB, we aim to provide Bangladeshis abroad with a secure and seamless way to send money home – supporting their families and advancing financial inclusion."
The partnership between UCB and Mastercard reflects a shared vision for a digitally connected Bangladesh, powered by trusted global financial networks.
