NRB Bank PLC., in collaboration with Visa, has formally launched Bangladesh’s first Insurance-Embedded Visa Prepaid Payroll Card, introducing an innovative payroll solution that combines seamless salary disbursement with built-in insurance benefits for employees across the country.

The product was unveiled at a ceremony held at the Bank’s Corporate Head Office in Gulshan-1, Dhaka, by Tarek Reaz Khan, Managing Director & CEO of NRB Bank PLC., and Sabbir Ahmed, Country Manager of Visa Bangladesh, in the presence of senior officials from NRB Bank PLC., representatives from Visa, and Arnab Paul, COO of Bimafy.

The Insurance-Embedded Visa Prepaid Payroll Card has been introduced to provide employers with a secure, efficient, and fully digital salary disbursement solution. In addition to enabling salary payments directly to prepaid cards, the product offers embedded insurance coverage, ensuring greater financial protection and peace of mind for employees. Cardholders can conveniently access their funds through ATM withdrawals, POS purchases, online transactions, and bill payments.

Speaking at the Launching event, Tarek Reaz Khan, Managing Director & CEO, NRB Bank said:

“The launch of Bangladesh’s first Insurance-Embedded Visa Prepaid Payroll Card marks another milestone in our commitment to innovation, financial inclusion, and employee well-being. This unique solution simplifies payroll management for employers while providing employees with enhanced convenience, security, and insurance protection through a single platform.”

The newly launched payroll card is expected to particularly benefit industries with large workforce bases, including garments, manufacturing, retail, and service sectors, by reducing operational complexities associated with traditional cash-based salary distribution while extending valuable insurance coverage to employees.

With this initiative, NRB Bank PLC. continues to strengthen its role in supporting Bangladesh’s digital transformation and promoting innovative payment solutions that enhance both financial accessibility and employee welfare.