Public Bank managing director, Tan Sri Datuk Seri Tay Ah Lek, said these credit cards were also well-suited for customers with fast-paced lifestyle with preference for online shopping, dining and entertainment.
“The PB Quantum Visa and PB Quantum MasterCard Credit Cards are targeting mass market segment with a minimum annual income of RM36,000,” he said in a statement on Tuesday.
Visa country manager for Malaysia, Ng Kong Boon, said the PB Quantum Visa Credit Card was enabled with Visa payWave contactless payment technology to provide Malaysian consumers with faster and more convenient way to pay for their purchases.
“In Malaysia, we have seen Visa payWave transactions exceeding two million as of February 2017 and month-on-month double-digit growth.
“We are confident this will help displace more cash in the market, in line with Bank Negara Malaysia’s goal of reducing cash in the market,” said Ng.
As a value-added benefit, cardmembers are able to convert any retail purchase of over RM1,200 in a single receipt to 12 months FlexiPay Plan zero interest rate. - Bernama