Midland Bank PLC (MDB) launched the “Blind Notch Taka Pay Card” for its customers during a ceremony held on August 2, 2025, at the bank’s Head Office in Dhaka.
Md. Ahsan-uz Zaman, Managing Director & CEO of Midland Bank, formally introduced the Taka Pay Card alongside Md. Zahid Hossain, Deputy Managing Director; Nazmul Huda Sarkar, Chief Technology Officer (CTO); Md. Rashed Akter, Head of Retail Distribution Division; and Md. Abed-Ur-Rahman, Head of Cards at Midland Bank. During the ceremony, they also unveiled placards of the specially designed Taka Pay Card.
The Taka Pay Card is Bangladesh’s own payment card, introduced under the directives of Bangladesh Bank to reduce dependency on foreign currencies and simplify local transactions. Primarily a debit card, it is exclusively used for domestic transactions and can currently be utilized at POS (Point of Sale) terminals and ATM machines. Bangladesh Bank has also indicated that e-commerce transactions will be enabled soon.
The card aims to make local transactions more convenient and cost-effective. Taka Pay offers secure transactions for both online and offline payments, with lower transaction costs compared to international cards.
By using Taka Pay, Bangladesh can reduce its reliance on foreign currencies, positively impacting the country’s economy. Banks currently pay annual fees to international card providers like Visa and MasterCard in foreign currency, depleting reserves. Taka Pay eliminates this need.