Jan. 13, 2017
Image (Public Bank, UnionPay) - Public Bank, UnionPay
Malaysia's Public Bank (PB) and China's UnionPay International (UPI) have launched a new regional service for business and frequent travellers in the form of the PB UnionPay Lifestyle Debit Card.
The 'first-of-its kind' partnership hopes to provide PB customers with greater mobility within the region through the use of its secure cross-border payment services.
Y. Bhg. Dato' Chang Kat Kiam, deputy chief executive officer of Public Bank, said: "We are the first local bank in Malaysia to launch UnionPay Card with various offers various solutions to fit our customers' financial and lifestyle needs."
Chang said that with the growth of business alliances between China and Malaysia, Public Bank is adding services to support the mobile lifestyle of expatriates and students from China for their banking service needs "as this card will serve them well whenever they are in China, Malaysia or any other of the 160 countries and regions that now accept UnionPay Cards."
Adding his comments to the launch, Wenhui Yang, general manager of UPI Southeast Asia, said: "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."
The Card is issued upon opening of a PB UnionPay Savings Account, which will give cardholders access to a range of perks and benefits including access to the priority lane at the Chinese Visa Application Service Centre in Kuala Lumpur and Kuching and discounts of up to 10 percent are offered to these Cardholders at duty-free shops in 100 participating international airports among various other promotions.
Headquartered in Kuala Lumpur, Malaysia, Public Bank entered its 50th year of operations in 2016 with a total group asset size of RM363.76 billion (USS$116 billion) as of end 2015. It has a network of 259 branches and more than 2,000 self-service terminals in Malaysia.