AmBank first local bank to launch credit card collaboration with UnionPay


AMBANK (M) Bhd, which operates one of the larger retail banking networks in Malaysia, and UnionPay, a leading global payment network, officially launched the AmBank UnionPay Platinum Credit Card on July 10 at Pavilion Kuala Lumpur (KL).

The AmBank UnionPay Platinum Credit Card looks to tap into the fast-growing segment of Malaysian travellers, with AmBank being the first local bank in Malaysia to partner UnionPay on a credit card collaboration.

With a strong partnership dating back to 2013, AmBank has been collaborating with UnionPay to provide a payment platform for its customers in Malaysia. In fact, AmBank is one of UnionPay’s top acquiring banks in the market.

In April 2019, AmBank was among the six companies from six Belt and Road Initiative countries invited by UnionPay to collaborate with the global payment giant to build an interconnected payment network within the region and support personnel exchanges.

AmBank Group CEO Datuk Sulaiman Mohd Tahir said through the collaboration, the bank is able to leverage on UnionPay’s strong global presence as well as access UnionPay exclusive deals and The U Collection, a global privilege programme that brings together hotels, shopping and specially curated dining offers for its premium cardholders.

“Indeed, we see enormous potential for further partnerships with UnionPay,” he said.

UnionPay International South-East Asia GM Yang Wenhui said this collaboration marked another step forward in its expansion plan in Malaysia.

“Our commitment to providing products and services which are relevant to locals, including the increasingly well-travelled Malaysians by resonating with their lifestyle needs.

“Cardholders will appreciate the convenient, fast and secure UnionPay transactions, together with great rewards, travel, dining and lifestyle privileges in popular international travel destinations like Hong Kong, Japan, Thailand and domestically in Malaysia,” he said.

AmBank retail banking MD Jade Lee said: “We are very excited to partner UnionPay as they have set up a strong issuing business support for their partners, especially for us here in Malaysia.

“There is a fresh branding campaign focusing on worldwide travel and dining privileges such as dining at Michelin Star restaurants.

“In addition, we are working together to have a yearlong Four Seasons campaign whereby in every quarter, we will be treating an AmBank UnionPay cardholder to a trip to popular overseas destinations according to the season.”

The Four Seasons campaign will see opportunities for cardholders to win exclusive overseas travel packages for each season starting from Spring, when they spend using the card from Oct 1 to Dec 31, 2019. This will then be followed by travel packages for Summer, Autumn and Winter.

Among the privileges and deals being offered through AmBank UnionPay Platinum Credit Card are: Five AmBonus points for every RM1 overseas retail usage; two complimentary access to Plaza Premium Lounge; complimentary access to UnionPay Lounge in Pavilion KL; preferential rate for access to more than 1,400 DragonPass airport lounges in more than 150 countries worldwide; discounted rental rate for pocket WiFi; discounts up to 10% off at 100 international airports’ duty-free stores; and golf privileges at selected golf courses worldwide.

With the AmBank UnionPay Platinum Credit Card, customers can also enjoy discounts from Coach, Michael Kors, Eraman, Tumi and many others.