Dhaka, Bangladesh – Jul 15, 2025 – Pathao Pay, Mastercard and Mutual Trust Bank PLC has collaborated to launch co-branded Prepaid Cards, aiming to provide exclusive benefits and discounts through Pathao’s fintech arm ‘Pathao Pay.’ The prepaid cards are uniquely designed for bold and ambitious young users who crave a payment experience as unique and personalized as they are.

Staying true to Pathao’s mission of flexibility and user-centric service, the card will allow users to make payments wherever Mastercard is accepted in Bangladesh and around the world. Users can also withdraw funds directly from their Pathao Pay balance at any ATM across the country. The card comes with a choice of three distinct yet minimalist designs: Starlit Horizon, Purple Haze, Sunshine Beach.

The prepaid card is available in both physical and virtual formats, linked to user’s accounts. It is ideal for POS transactions, online shopping, and ATM withdrawals. Cardholders will have the freedom to take control of their money. Additionally, the app ensures card details are securely protected through encryption and requires authentication methods such as a PIN or biometric verification for access, reflecting cardholders individuality.

Fahim Ahmed, Managing Director and CEO of Pathao, said, “With Pathao Pay Cards, the first of its kind wallet-linked card in Bangladesh, you – our consumers – can now transact how you want, access funds when you need and manage finances how you should.  Pathao is far more than a brand, or a suite of products — it is a lifestyle.  Pathao Pay Cards now brings to you an innovation in fintech that matches your lifestyle and simplifies your life.”

Syed Mahbubur Rahman, CEO and MD, Mutual Trust Bank PLC, said, “This collaboration between Mutual Trust Bank, Pathao Pay and Mastercard reinforces our commitment to innovate payment options for the new-age users. Through the launch of this product, we want to empower our customers to avail benefits designed to provide innovative payment solutions.”

Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, said, “As a new consumer class is emerging in Bangladesh, unique and personalized payment options can cater diverse fintech solutions to the youth. Mastercard is committed to fostering partnerships that can enable cardholders to explore cutting-edged transaction options. This association will not only bring benefits to cardholders but will also enable seamless user experience.”

Starting today, select users with high spending activity with Pathao Pay have early access to Pathao Pay Cards, getting a first look at this seamless, personalized payment experience. Others can join the waitlist—and boost their spending to increase their chances of early access—so they can be among the first to receive their cards as the rollout expands.

About Pathao

Since its founding in 2015, Pathao has emerged as the largest digital services platform in Bangladesh, leading the market in ride-sharing, food delivery, and e-commerce logistics. With over 10 million users, 300,000 Pathao Hero and delivery agents, 100,000 merchants, and 10,000 restaurants, Pathao continues to expand its digital ecosystem, creating opportunities and enriching lives across the nation. The platform has generated more than 500,000 job opportunities, contributing significantly to the country’s digital economy.

About Mastercard (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.