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Mutual Trust Bank PLC (MTB) and Terra Payment Services (UK) Limited (TerraPay) have officially signed a Memorandum of Understanding (MoU) to enhance the convenience, rapidity, and affordability of study-related payments for students aspiring to study abroad.
Through this strategic partnership, students will be able to remit their higher study related payments more conveniently than ever. This collaboration underscores MTB’s commitment to providing innovative financial solutions that cater to the evolving needs of its customers’ need through TerraPay’s global outreach.
The MoU exchange ceremony was held at MTB Centre, Corporate Head Office, 26 Gulshan Avenue, Gulshan 1, Dhaka 1212 on February 11, 2025 which attended by senior officials from both organizations. Representing MTB were Syed Mahbubur Rahman, Managing Director & CEO; Md. Shafquat Hossain, DMD & Head of Retail Banking Division; Md. Shamsul Islam, DMD & Head of Treasury; Md. Bakhteyer Hossain, DMD & Chief Operating Officer; Tahsin Taher, Head of Retail Segments; and Md. Rozar Ibna Azad, Head of Brand, Head of NRB Division, Khondoker Asif Khaled, In-Charge of Student Banking Department, Md. Arifur Rahman along with other distinguished bank representatives.
TerraPay was represented by Kaushik Ghosh, Head of Network, APAC, and Mahmudul Islam, Country Manager, Bangladesh & Nepal.
On this partnership Syed Mahbubur Rahman, Managing Director & CEO of MTB quoted: “This partnership will enable seamless, instantaneous and affordable remittance of payments related to studying abroad by the students; and thus reinforcing MTB’s pledge for service excellence.”
Ani Sane, Co-Founder and Chief Business Officer said, “We are thrilled to partner with Mutual Trust Bank PLC to offer TerraPay’s global money movement network to transform how students manage their international payments. This partnership focuses at solving existing challenges and complexities of Bangladeshi families sending money to students studying internationally for fees and related expenses. TerraPay’s instant, 24×7, transparent and fully compliant money movement infrastructure continues to solve such challenges across 150+ countries. “
