Prime Bank collaborates with PayStation on payment services

Prime Bank PLC has signed an agreement with Service Hub Limited (PayStation) to broaden flexible payment facilities for its customers, according to a media release.

The signing ceremony was held at Prime Aspire on Gulshan Avenue in Dhaka. The agreement is intended to improve customer convenience by introducing structured instalment payment options and expanding digital transaction capabilities across a wide merchant network.

Under the arrangement, customers of Prime Bank PLC will be able to access Equated Monthly Instalment (EMI) facilities through Service Hub Limited. This facility enables eligible transactions to be converted into monthly instalments, supporting more flexible repayment planning for users of cards and banking services.

The agreement also allows Prime Bank account holders to make payments through internet banking at more than 1,000 merchants operating under the PayStation network across the country. This expanded access is designed to facilitate smoother digital transactions and increase the usability of online banking for retail payments.

The agreement was formally 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. Both representatives oversee key operational areas relating to consumer finance and payment service delivery within their organisations.

Also present at the signing ceremony was A. Z. M. Fouz Ullah Chowdhury, Senior Vice President and Head of Digital Channels at Prime Bank PLC, along with other senior officials from both institutions. Their presence reflected coordinated involvement in implementing the partnership framework.

Key Details of the Agreement

The collaboration reflects the ongoing expansion of digital financial services in Bangladesh’s banking sector. By combining instalment-based payment solutions with an extensive merchant network, the initiative aims to support greater convenience, improved payment flexibility, and wider adoption of digital banking services among customers.