• Published on 12 January 2017
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Public Bank and UnionPay International launch PB UnionPay lifestyle debit card

UnionPay International (UPI), a global payment network, has reaffirmed its presence in Malaysia by inking a first-of-its-kind partnership with Public Bank (PB), the third largest bank in Malaysia. The two collaborated to launch the PB UnionPay Lifestyle Debit Card in December 2016, targeted at customers and businessmen who are frequent travelers to Asia.

Poised as the best travel companion, the PB UnionPay Lifestyle Debit Card which is issued upon opening of a PB UnionPay Savings Account, will give Cardholders access to a range of perks and benefits. A PB UnionPay Lifestyle Debit Cardholder can access the Priority Lane at the Chinese Visa Application Service Centre in Kuala Lumpur and Kuching, to expedite the submission and processing of visa applications. Besides, discounts of up to 10 percent are offered to these Cardholders at duty-free shops in 100 participating international airports. PB UnionPay Savings Account offers a flat interest rate of 0.5 percent per annum, and a monthly
cash rebate of RM10 (S$3.21) for accounts with a minimum of RM10,000 (S$3,221) monthto-date average balance and no over-the-counter transactions for the month.

In conjunction with the launch, Public Bank is offering complimentary access to Plaza Premium Lounge Malaysia so visitors can partake in a host of facilities that will make traveling more comfortable and satisfying. A panda neck pillow and eye mask resembling the card design will be given to new PB UnionPay Savings Account holders with a minimum deposit amount of RM2,000 (S$643) which is earmarked for three months. Gifts are available while stocks last. 

“We are excited to have Public Bank on board as our strategic partner for our issuing in Malaysia,” said Mr. Wenhui Yang, General Manager of UPI Southeast Asia. “UnionPay International is fully aligned with Public Bank’s focus on providing the most efficient services to its customers through the innovation of new banking services, and we believe that this partnership will put us in a good position to serve the needs of consumers and businesses in Malaysia.”

“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 whenever they are in China, Malaysia or any other 160 countries and regions that accept UnionPay Cards.” said Y. Bhg. Dato’ Chang Kat Kiam, Deputy Chief Executive Officer of Public Bank. 

Re-disseminated by The Asian Banker