Westpac to launch zero-interest digital card with young consumers in focus

FILE PHOTO: An office building with Westpac logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott

(Reuters) - Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the convenience of fast and efficient payment services.

Australia's second-largest lender said customers can apply for the card, called Flex, online or through its mobile banking app, and would be given access to A$1,000 ($748.50) of credit with no interest on purchases and no late payment fees.