Mastercard, in collaboration with Mutual Trust Bank PLC and Pathao Pay, on Tuesday announced the launch of a range of youth-centric real-time companion prepaid cards.

The cards offer a personalized and superior payment experience, said a press release.

The new cards offer seamless access to Pathao Pay without needing a traditional bank account, exclusive offers through Mastercard, versatile usage for online and offline purchases, easy one-touch payments via NFC, convenient ATM withdrawals, and real-time transaction balance mirroring.

Staying true to Pathao’s mission of ensuring financial flexibility and user-centric services, the new cards will allow Mastercard holders to enjoy a “highly secure and seamless payment experience” both in Bangladesh and around the world, added the press release.

Coming in three designs — Starlit Horizon, Purple Haze, and Sunshine Beach — the cards will also enable Mastercard holders to withdraw cash from ATMs across the country.

Fahim Ahmed, managing director and CEO of Pathao, said, “With Pathao Pay’s wallet-linked cards, a first-of-its-kind proposition in Bangladesh, cardholders will be able to transact the way they want, access funds when the need, and manage finances as they like. Pathao is far more than a brand, or a suite of products — it is more of a lifestyle.  These innovative cards will match with the dynamic needs of today’s youth.”

Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC, said, “This collaboration between Mutual Trust Bank PLC, Pathao Pay and Mastercard reinforces our commitment to providing innovative payment options to new-age customers. Through the launch of this product, we want to empower our customers to avail the benefits they desire and enjoy every payment experience.”

Syed Mohammad Kamal, country manager at Mastercard, said, “Today’s youth consistently seek financial products and solutions that align with their goals and expectations. Mastercard is pleased to power these new prepaid cards which will not only provide an enhanced and secure payment experience to cardholders but also help them manage their finances effectively.”

Starting Tuesday, selected users with high-spending history with Pathao Pay can gain an early access to Pathao Pay cards, as per the press release.