Breaking News: Prepaid Cards Gain Popularity in Bangladesh

Jamuna Bank and EBL Offer Dual-Currency Prepaid Cards

Prepaid Cards Gaining Traction as an Alternative to Traditional Credit and Debit Cards

In a major development for the financial sector in Bangladesh, Jamuna Bank and Eastern Bank Limited (EBL) have introduced prepaid cards that offer greater flexibility and convenience to customers.

Jamuna Bank's VISA Prepaid Card allows customers to hold balances in either Bangladeshi Taka or US Dollars, providing the flexibility to manage expenses in both currencies. Similarly, EBL's Daraz Visa Co-brand Prepaid Card, issued in partnership with Daraz, offers exclusive benefits to eligible customers.

These prepaid cards have gained popularity as they do not require a credit check or bank account, making them an accessible option for customers who may not qualify for traditional credit or debit cards.

Additionally, prepaid cards provide greater control over spending as customers can load the card with the amount they desire and only spend what they have deposited. This feature is particularly beneficial for individuals who want to manage their finances responsibly or for minors who need a safe and supervised way to make purchases.