Under the deal, the firm will deploy its latest version Prime 4 at the commercial bank.

TSYS International group executive and Prime Licensing managing director Jaffar Agha-Jaffar said: "TSYS is delighted to extend its relationship with Premier Bank. PRIME is a licensed payments solution that enables our clients to bring innovation and greater payment choice to their respective markets."

The PRIME 4’s payment application data security standard (PA-DSS) compliant licensed software solution will help the bank to manage its MasterCard and Visa card portfolios, including retail credit, debit and prepaid cards and multi-channel acquiring.

The bank is also planning to introduce a new Premier Bank dual-currency card product, with dual TAKA and USD billing accounts, for international transactions, once the latest platform is deployed.

The Premier Bank vice chairman Imran Iqbal said: "Our main focus at Premier Bank is on how much value we can bring to our clients’ lives in terms of innovation by continually developing our range of products and services.

"Prime 4’s future-ready technology and business functionality will provide us with the technological agility to be successful in our market and make a difference to our customers."

TSYS provides services to around 400 clients in more than 80 countries across the globe.