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Stuck in a rut: e-commerce firms decry payment delay
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Contactless cards gaining traction amid Covid, digital push
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Cash takes back seat as Covid drives card use
The use of both credit and debit cards went up heavily in March as people purchased more products and services through digital means amid the recent resurgence of Covid-19.
Total card loans held by lenders stood at Tk 1,783 crore in March, up 18 per cent from a month ago and 57 per cent year-on-year, data from Bangladesh Bank shows.
The growth in March was also the highest in the last seven months since September last year as the previous highest growth was 24 per cent in August.
Clients dependency on debit cards increased substantially in March as the figure stood at Tk 22,000 crore, up 22 per cent from that a month earlier and 45.33 per cent year-on-year.
No challenge, no growth
Mashrur Arefin, managing director and CEO of The City Bank Ltd, says at The Daily Star’s
The Chief Executive Show powered by Marico
Mashrur Arefin
Every leader has his time in the sun, and it is all about reinventing the sunlight when it is gloomy. Eclipse comes from complacency, and people suffer from inertia if there is no challenge in life.
This is the takeaway for Mashrur Arefin, managing director and chief executive officer of The City Bank Ltd, from his 26-year-long career in the banking industry, at home and abroad.
According to him, a value-driven culture is vital for the entrepreneurial spirit of a company to glow.
News Desk,
bdnews24.com Hassan O Rashid
Hassan O Rashid has joined Prime Bank Ltd as the new managing director and chief executive officer. );
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Prior to joining the Prime Bank, Rashid was additional managing director at Eastern Bank Ltd.
In his eight-year stint, he is “lauded for his leadership role in achieving balance sheet growth and driving the transformation journey of the Eastern Bank”, according to a statement from his new office.
Rashid brings in more than 27 years of experience in banking industry both in local and multinational banks in senior positions in corporate, risk management, SME and retail banking. He started his career with Credit Agricole Indosuez and later moved to HSBC and Standard Chartered Bank in different senior leadership positions.
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