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January 16, 2017

Public Bank, UnionPay introduce new debit card in Malaysia

Malaysia-based Public Bank, in collaboration with UnionPay International, a global subsidiary of China's only domestic bank card organisation UnionPay, has rolled out PB UnionPay Lifestyle Debit Card.

By Verdict Staff

Malaysia-based Public Bank, in collaboration with UnionPay International, a global subsidiary of China’s only domestic bank card organisation UnionPay, has rolled out PB UnionPay Lifestyle Debit Card.

The PB UnionPay Lifestyle Debit Card is aimed at customers and businessmen who are frequent travellers to Asia.

The new card can be obtained upon opening of PB UnionPay Savings Account that gives cardholders a range of perks and benefits.

The cardholders can access the Priority Lane at Chinese Visa Application Service Centre in Kuala Lumpur and Kuching to accelerate the submission and processing of Visa application.

Additionally, the card members can get up to 30% discount in 50 selected business districts across the globe.

PB UnionPay savings account provides 0.5% per annum flat interest rate and MYR10 ($2.24) monthly cash rebate for accounts with a minimum of MYR10,000 ($2,239.14) month-to-date average balance and no over-the-counter transaction for the month.

Public Bank deputy CEO Y Bhg Dato’ Chang Kat Kiam said: “We are proud to be the first local bank in Malaysia who had launched UnionPay Card which offers various solutions to fit our customers’ financial and lifestyle needs.

“With the expanding business alliances between China and Malaysia, Public Bank continues to progress and expand in order to become the first choice of expatriates and students from China for their banking service needs as this card serves them well in the 160 countries and regions that accept UnionPay cards, including of course China and Malaysia.”

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