Midland Bank PLC. signed an agreement with Visa, a global leader in digital payments, to launch the “Visa Direct for Account.” This collaboration is poised to enhance Midland Bank’s suite of payment solutions and strengthen its presence in the market.
The Visa Direct for Account will simplify payments for education, healthcare, travel, and other approved purposes, significantly reducing processing times compared to current methods. Leveraging Visa’s expertise in foreign exchange, Midland Bank aims to broaden its customer base and further establish its position in the industry. This partnership represents a significant step forward in Midland Bank’s ongoing commitment to providing efficient, innovative payment solutions and advancing its mission to increase financial accessibility and convenience.
The signing ceremony held on June 25, 2025, attended by senior executives from both organizations, was presided over by Mr. Md. Ahsan-uz Zaman, Managing Director of Midland Bank, and Mr. Sabbir Ahmed, Country Manager for VISA in Bangladesh, Nepal, and Bhutan.
During the event, Mr. Md. Ahsan-uz Zaman stated, “We are delighted to partner with Visa, a trailblazer in digital payments, to introduce the Visa Direct for Account. This collaboration enables us to deliver more efficient and innovative payment solutions to our customers, furthering our mission to enhance financial accessibility and convenience.”
Mr. Sabbir stated, “At Visa, we are committed to facilitating global money movement securely and seamlessly. Our partnership with Midland Bank to launch Visa Direct for Account brings our vision to life — by making cross-border payments simpler, safer and quicker for consumers. Whether it’s for education, healthcare, or travel, Visa Direct will empower more Bangladeshis to access the benefits of a connected global economy and help build an inclusive digital payments ecosystem.” Among others, Ashish Chakraborty, Director, VISA in Bangladesh, Mahir Shams Mullick, Manager-Visa Direct, Abed-Ur-Rahman, Head of Cards, Kazi Kamal Hossain, SAVP of International Division, Md. Rashadul Anwar, Head of PRD of Midland Bank were also present in the event.
