Public Bank-UnionPay Partnership Launches Joint Debit Card

UnionPay-Public Bank Agreement

PB UnionPay Lifestyle Debit Card Offers Greater Mobility in 160 Countries and Regions Through Quality and Secure Cross-Border Payment Services

UnionPay International reaffirms its presence in Malaysia by inking a first-of-its-kind partnership with Public Bank, the third largest bank in Malaysia. The PB UnionPay Lifestyle Debit Card, launched in December 2016, is targeted at customers and businessmen who are frequent travellers to Asia.

 

PB UnionPay Debit Card
Public Bank UnionPay Debit Card

PB UnionPay Lifestyle Debit Card is issued upon opening of PB UnionPay Savings Account, giving Cardmembers a range of perks and benefits. A Cardmember can access the Priority Lane at Chinese Visa Application Service Centre in Kuala Lumpur and Kuching, Malaysia to expedite the submission and processing of Visa application. Besides, up to 30% discount is offered to these Cardmembers in 50 selected business districts around the world. PB UnionPay Savings Account offers 0.5% p.a. flat interest rate and MYR10 monthly cash rebate for accounts with a minimum of MYR10,000 month-to-date average balance and no over-the-counter transaction for the month.

In conjunction with the launch, Public Bank is offering complimentary access to Plaza Premium Lounge Malaysia to partake a host of facilities that will make travelling more comfortable and satisfying.

Public Bank entered its 50th year of operations in 2016 with a total group asset of MYR363.76 billion at the end of 2015. With an extensive reach to its customers via a network of 259 well-distributed branches and over 2,000 self-service terminals in Malaysia, this partnership aims to provide Public Bank’s customers with greater mobility within the region and worldwide through the use of its quality and secure cross-border payment services.

“We are excited to have Public Bank on board as our strategic partner for our issuing in Malaysia,” said 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 in the 160 countries and regions that accept UnionPay cards, including of course China and Malaysia,” said Dato’ Chang Kat Kiam, Deputy Chief Executive Officer of Public Bank.