MasterCard launched a Reloadable Hajj Prepaid Card Premier Bank Bangladesh Ltd for pilgrims and Hajj Agencies. Premier Bank Ltd is a top issuer of prepaid cards for Hajj pilgrims & Hajj Agencies in the country. It has branches across the country including all major cities like Dhaka, Chittagong, Cox’s Bazar, Sylhet, Comilla, Rajshahi, Rangpur. MasterCard Reloadable Hajj & Travel Prepaid cardholders will enjoy some exclusive benefits while using the card. Present at the event were honorable Secretory, Ministry of Religious Affairs, Chairman, Parliamentary standing committee for Ministry of Religious Affairs, , President & General Secretary of Hajj Agencies Association of Bangladesh (HAAB), Dr. H.B.M. Iqbal, Chairman, Premier Bank, CEO & Managing Director, Independent Director, Additional Managing Directors & Deputy Managing Director of Premier Bank, Vikas Varma, Area Head, South Asia, MasterCard, Syed Mohammad Kamal, Country Manager, Bangladesh and other senior Officials from MasterCard & Premier Bank.
Ezetap announced the launch of the first integrated and globally certified Mobile Point of Sale Device with a price point under $50 – approximately one third the cost of any other integrated mobile card reader (supporting magnetic stripe, chip and pin) that is commercially available and certified. Competing head-to-head against global payments companies using devices manufactured in China in the fast-growing Mobile Point-of-Sale market, the entire Ezetap solution from its card reader to service platform has been 100% designed and developed in India.
MasterCard announced the official opening of a local representative office in Dhaka, Bangladesh. The first in the industry to inaugurate an office in Bangladesh, MasterCard marked the occasion with an opening ceremony, which was graced by Guest of Honour Atiur Rahman, Governor of Bangladesh Bank as well as Nurul Amin, Chairman of Association of Bankers, Bangladesh (ABB). Also present at the ceremony were Ron Garrow, chief human resources officer, MasterCard; Ari Sarker, division president, South Asia, MasterCard; Vikas Varma, area head, South Asia, MasterCard; and Syed Mohammad Kamal, country manager, MasterCard Bangladesh; among other MasterCard executives, members of the media, as well as local and international banks and financial institutions. This is based on the growth potential of the market driven by the growing middle class and e-commerce. Situated in the heart of Gulshan, Dhaka, the Bangladesh office will be headed by Syed Mohammad Kamal, country manager, MasterCard Bangladesh.
MasterCard announced the appointment of Syed Mohammad Kamal as country manager for Bangladesh and Mohammad Anwar Hossain as director, business development to reaffirm its commitment to South Asia. The decision to build a stronger presence locally has come about in part to the rapid development and industrialization the country has been seeing over the last few years and the promise of further growth which could be achieved through a more robust electronic banking and payments system. Kamal will be based in Dhaka and report to Vikas Varma, area head, South Asia, MasterCard Worldwide. He will be tasked with executing MasterCard’s strategy in Bangladesh, working closely with partner financial institutions, merchants and regulators.
Portfolio managers involved in optimizations, modeling and other problem solving involving huge datasets can now access Numerical Algorithms Group’s updated “NAG C Library” which provides programmers with over 1,000 easily embedded numerical routines. Of particular interest to those working within the finance industry will be the extended optimization chapter, which now incorporates enhanced sparse matrix techniques, critical for efficiently solving problems that involve a very large proportion of zeros in the constraint or objective functions. A typical example is in a portfolio optimization problem where a constraint exists on the percentage of the portfolio invested in stocks within a given country. In such a problem there will be holdings specified for many stocks but most will be zero making the problem large but also predominantly sparse in nature. NAG’s C Library is available in a wide range of implementations, from PCs to supercomputers, covering Windows, Linux and major Unix platforms. NAG provides cross-platform mathematical, statistical, data mining components and tools for developers as well as 3D visualization application development environments.