Dhaka, Oct. 7 -- Prime Bank PLC has launched Bangladesh's first-ever SME Debit Card with International Remittance Facility, enabling small and medium enterprises to make seamless international online payments for business purposes.

According to a press release, the Prime Bank SME Debit Card can also be used locally for POS, ATM, and online transactions. Proprietorship concerns can avail this debit card while SMEs registered as Partnership or Limited can avail SME Prepaid cards.

The launch follows a recent Bangladesh Bank circular allowing SMEs to make international business payments online. Under this initiative, verified SME clients-registered with SME Foundation-can now make online business-related payments. The SME debit card can be ...