Prime Bank signs pact with PayStation to expand EMI services

Prime Bank PLC has signed an agreement with Service Hub Limited (PayStation) to introduce enhanced payment flexibility for its customers, according to a media statement.

The signing ceremony was held at Prime Aspire on Gulshan Avenue in Dhaka. The collaboration is intended to strengthen customer convenience by incorporating instalment-based payment options and expanding access to digital transactions across a broad merchant network.

Under the agreement, customers of Prime Bank PLC will be able to access Equated Monthly Instalment (EMI) facilities through Service Hub Limited. This facility allows eligible purchases to be converted into structured monthly repayments, supporting more manageable financial planning for cardholders and account users.

The partnership also enables Prime Bank account holders to conduct transactions via internet banking across a network of more than 1,000 PayStation-affiliated merchants nationwide. This development is expected to extend the practical use of digital banking services, particularly for routine payments, while improving transaction efficiency.

The agreement was signed by Joarder Tanvir Faisal, Executive Vice President and Head of Consumer Assets and Cards at Prime Bank PLC, and Mohammed Faruk Hossain, Managing Director of Service Hub Limited. Their roles reflect responsibility for consumer banking operations and payment service development within their respective organisations.

Among those present at the ceremony was A. Z. M. Fouz Ullah Chowdhury, Senior Vice President and Head of Digital Channels at Prime Bank PLC, along with other senior representatives from both institutions. Their حضور highlights the joint commitment to implementing and overseeing the partnership.

Summary of the Agreement

The agreement reflects ongoing developments in Bangladesh’s financial sector, where banks and service providers are expanding digital capabilities and flexible payment mechanisms. By combining instalment-based facilities with a wide merchant network, the initiative is aimed at improving accessibility and efficiency in consumer payment systems.