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Thursday | October 29, 2026 | Dhaka

UCB launches sticker payment card with Mastercard, GP

 Business Desk
 Published: 12:05 AM, 29 October 2026
US Ambassador to Bangladesh Brent T Christensen poses for a photograph after inaugurating a ceremony to launch a co-branded sticker payment card jointly introduced by United Commercial Bank PLC, Mastercard and Grameenphone Limited in Dhaka on recently.

United Commercial Bank PLC (UCB) on recently launched a co-branded sticker payment card with Mastercard and Grameenphone Limited (GP), offering contactless payments alongside cashback, rewards and lifestyle benefits.

Brent T Christensen, the US ambassador to Bangladesh, inaugurated the card as the chief guest, according to a press release.

The prepaid sticker can be attached to a smartphone or another suitable item, allowing users to make payments by tapping it on a contactless-enabled point-of-sale (POS) terminal without carrying a conventional payment card. The card combines UCB’s banking services, Mastercard’s payment technology and GP’s MyGP digital ecosystem. Sharif Zahir, chairman of UCB, said the collaboration reflected the bank’s commitment to innovative financial solutions that meet customers’ evolving needs.

Solaiman Alam, chief product officer of GP, said the card brought payments closer to the digital experiences customers already use through MyGP.

Gautam Aggarwal, division president for India and South Asia at Mastercard, said the initiative expanded consumer choice while supporting the growth of contactless payments in Bangladesh.

The card offers a first-year fee waiver. The annual fee will also be waived for cardholders spending Tk 1 lakh or more in a calendar year.

Benefits include 10 percent cashback on eligible OTT services and bundle purchases through MyGP, MyGP Shop transactions and learning courses, as well as 3 percent cashback on eligible GP Fi subscriptions.

Cardholders will also receive Tk 50 cashback on eligible roaming pack purchases, exclusive offers at GPStar and Mastercard partner merchants, and additional MyGP Points on qualifying transactions. All cashback offers are subject to applicable terms and conditions.

Mohammad Mamdudur Rashid, chief executive officer of UCB; Sandun Hapugoda, country manager for Sri Lanka, the Maldives, Bangladesh, Bhutan and Nepal at Mastercard; and Zakia Sultana, country manager for Bangladesh at Mastercard, attended the event.