KUALA LUMPUR, Malaysia, Jan. 12, 2017 /PRNewswire/ -- UnionPay International (UPI) reaffirms its presence in Malaysia by inking a first-of-its-kind partnership with Public Bank (PB), 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 travelers to Asia.
Poised as the best travel companion, PB UnionPay Lifestyle Debit Card, which is issued upon opening of PB UnionPay Savings Account, will give Cardmembers a range of perks and benefits. A PB UnionPay Lifestyle Debit Cardmember can access the Priority Lane at Chinese Visa Application Service Centre in Kuala Lumpur and Kuching 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 RM10 monthly cash rebate for accounts with a minimum of RM10,000 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 traveling more comfortable and satisfying. A Panda neck pillow and eye mask, semblance from the card design, will be given to new PB UnionPay Savings Account holders with deposit amount of RM2,000 which is earmarked for three months. Gifts are available while stocks last.
Public Bank is the third largest banking group in Malaysia headquartered in Kuala Lumpur, Malaysia, and entered into its 50th year of operations in 2016 with a total group asset size of RM363.76 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 between UPI and PB aims to provide PB customers with greater mobility within the region and worldwide through the use of its high 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 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 in the 160 countries and regions that accept UnionPay cards, including of course China and Malaysia." said Y. Bhg. Dato' Chang Kat Kiam, Deputy Chief Executive Officer of Public Bank.
About Public Bank Berhad
Founded in 1966 by Tan Sri Dato' Sri Dr. Teh Hong Piow and listed on the Main Board of Bursa Malaysia in 1967, Public Bank Berhad is today the leading financial services provider serving over six million customers in Malaysia. Known for its prudent management and strong corporate governance, Public Bank Berhad continues to be accorded international and domestic awards and accolades.
The Group continues to commit to deliver excellent customer service and to be more innovative in providing superior financial products and services to meet increasingly sophisticated customer demand. For more information, visit www.pbebank.com.
About UnionPay International
UnionPay International (UPI) focuses on the growth and support of UnionPay's global business. In partnership with more than 1,000 institutions worldwide, UPI has enabled card acceptance in 160 countries and regions outside the Chinese mainland with issuance in 40 countries and regions. UPI provides high quality, cost effective and secure cross-border payment services to the world's largest cardholder base and ensures convenient local services to a growing number of global UnionPay Cardholders and merchants.
For more information about UPI, please visit www.unionpayintl.com, follow "UnionPay International" on Facebook, Sina Weibo or WeChat, or download its official mobile application by searching "UnionPay International" in Apple's App Store or Google's Play Store.
