Mutual Trust Bank PLC (MTB), in collaboration with global digital payment solutions provider Visa, has launched a "Multipurpose Card" for students of the Pundra University of Science and Technology in Bogura recently as part of the nationwide "Cashless Bangladesh" awareness programme.

Arief Hossain Khan, executive director and spokesperson of the Bangladesh Bank, inaugurated the card as the chief guest, according to a press release.

Rafeza Akhter Kanta, director of the Payment Systems Department at the central bank, presided over the programme, while Prof Hosne Ara Begum, executive director of Thengamara Mohila Sabuj Sangha, attended as guest of honour.

The innovative card combines a student ID and payment card into one, enabling seamless digital payments across campus canteens, libraries, and merchant points.

This groundbreaking initiative marks a significant step towards building a smart, cashless, and inclusive economy, in line with the governor of Bangladesh Bank's vision for a Digital Bangladesh.

The initiative reflects MTB's continued efforts to promote digital banking and financial inclusion, empowering students to experience the convenience and efficiency of cashless transactions from an early stage, the release added.

Sardar Al Emran, executive director (current charge) of Bangladesh Bank's Bogura office; Khalid Hossain, chief digital officer of Mutual Trust Bank PLC; and Md Nasimul Islam, director and head of government engagement for South Asia at Visa, along with other senior officials, were also present.