CIMB Bank Berhad and Lazada Malaysia have entered into a strategic partnership to introduce an exciting Mastercard prepaid card which can be approved online, making it the fastest and most convenient prepaid card for the digitally savvy shopper.
The card offers great cash rebates as well as merchant discounts to reward customers when they shop at Lazada, the number one online retailer in Malaysia and South East Asia.
The card is available online on CIMB Clicks and the Lazada website. Upon the issuance of the virtual 16-digit card number, customers can start shopping almost right away. Subsequently, they will be issued with a physical CIMB Lazada Prepaid Mastercard for offline spending and banking facilities in Malaysia, including ATM cash withdrawals and internet/mobile banking.
Chief Executive Officer, Group Consumer Banking, CIMB Group Samir Gupta said, "We are proud to partner with Lazada and Mastercard on this fully digital co-brand card, to bring unique benefits and great convenience to our customers. The online shopping segment in Malaysia and Southeast Asia is expanding rapidly and we are excited to contribute to this growth story.”
“This fits into our overall digital strategy to lead in the e-commerce payment ecosystem, as we go the extra mile to enhance our customers’ experience by making it easier, more efficient and more secure for them to shop online.”
With this card, customers will enjoy a 1% cash rebate, capped at RM25 per month for online Lazada purchases at www.lazada.com.my. Other non-Lazada purchases are eligible for a 0.50% cash rebate up to RM25 per month. In addition, from now until 5 December 2017, customers can enjoy the first-year annual fee waiver and