Alliance Bank, together with partners MCash, will be bringing innovation to the banking space through the launch of the first in-app virtual credit card in Malaysia, the Alliance Bank Virtual Credit Card. A nod to an increasingly digital lifestyle, especially amongst the Gen-Zs, the virtual card will allow customers to make Jompay and QR code payments as well as to access cash advance services through the MCash mobile app - all without the need for a physical card.
Moreover, the application for the card can be done through the MCash app itself, further simplifying the process. All relevant documents can be uploaded to the app and customers will receive a push notification upon a successful application. The entire process exemplifies the digital first approach embraced by Alliance Bank.
“In keeping true to our ‘Bank in Your Pocket’ proposition, the Alliance Bank Visa Platinum virtual credit card is the latest addition to our line-up of digital innovations to deliver fast, simple and responsive services and is ESG friendly. We want our customers to have access to cash advance services securely whenever they need it via their mobile phones anytime, anywhere,” said Ms Gan Pai Li, Group Chief Consumer Banking Officer of Alliance Bank.
“We will soon enhance the features to allow transactions for e-commerce, streaming and subscription services to cater to our customers’ lifestyle,” explained Ms Gan.
“We are pleased that MCash eWallet shares our vision of ‘Bank in Your Pocket’ and have agreed to work with us to provide our customers a seamless digital payment experience,” added Ms Gan.
Aside from being a virtual card, the Alliance Bank Virtual Credit Card comes with many benefits. In keeping with the digital theme, one of the key benefits are 8x Timeless Bonus Points (TBP) for all online shopping transactions and e-wallet top-ups. Furthermore, overseas transactions will also benefit from 3x TBP. For all other transactions, you will earn 1x TBP per RM1 spent. Last, but definitely not least, the annual fees for the virtual card are waived for life. If you wish to apply for the card, the minimum income requirement is RM2,000 a month.
The Alliance Bank Virtual Credit Card looks to be an exciting new entry into the world of banking that will unlock a more seamless digital experience for the digital generation. Check it out by downloading the MCash app from the Google Play Store, Apple App Store, or the Huawei AppGallery and applying for the card today!