Hong Leong Financial institution Introduces Debit Mastercard to Meet Cambodia’s Rising Digital Lifestyle | Taiwan Information


PHNOM PENH, CAMBODIA – Media OutReach – July 30, 2021 – In order to meet the increasing digital and cashless demands of Cambodians, Hong Leong Bank Cambodia (“HLB” or the “Bank”), in cooperation with Mastercard, has developed a standard and Platinum Debit Mastercard introduced. These new cards offer consumers convenient, easy-to-use and secure innovative payment products when paying online or in-store.

Hong Leong Bank Cambodia is partnering with Mastercard to introduce a Standard and Platinum Debit Mastercard to bring convenient, easy-to-use and secure digital payments to Cambodians.

According to a Mastercard study, four out of five Cambodians prefer the speed of digital payments, while around 63 percent are using new technology to better manage their money. Additionally, 42 percent of respondents felt more comfortable using contactless payment during the pandemic, as it gave them peace of mind.

Terrence Teoh, Managing Director and CEO of HLB Cambodia, said, “Driven by the exponential digital and cashless growth of the country, we are committed to providing Cambodians with simple, seamless and safe products tailored to their increasingly digital lifestyles. With this in mind, we have come to terms with. partnered Mastercard bringing an advanced global network to launch our new HLB Debit Mastercard. In line with the demand for convenience, Cambodian customers can seamlessly open the bank’s all-in-one account anytime, anywhere online using the Hong Leong Connect app. The HLB Debit Mastercard will be sent to the customer at the desired location.

“These new debit cards will also provide better access to digital payments and e-commerce as they can be easily used at an ever-increasing number of online and offline merchant touchpoints. Cardholders can also enjoy extensive offers and rewards while also enjoying the benefits of digital payments, “added Teoh.

The attractive rewards of the new HLB Debit Mastercard include higher interest rates for the HLB All-in-One account, an exemption from Mastercard fees and discounts from foodpanda, as well as a large selection of restaurants, hotels and resorts across Cambodia.

More importantly, HLB cardholders also have the opportunity to make a difference for the community by simply spending money with their cards. For every transaction made with the HLB Debit Mastercard online or in-store from now until October 2021, one percent of the payment value will be donated to the Kantha Bopha Children’s Hospital, which offers free medical services to around 85 percent of the country’s children.

“We have seen incredible changes in the way we live, shop and work since last year, and for many, digital payments are a safer and easier way to pay for the essentials. According to the Mastercard New Payments Index, 94 percent of Asia Pacific consumers are interested in trying new forms of payment this year. As digital commerce begins in Cambodia, Mastercard is proud to partner with Hong Leong Bank to deliver products that will bring convenience and security to consumers while driving the digitization effort in the Cambodian economy, “said Winnie Wong, Country Manager, Vietnam, Cambodia and Laos, Mastercard.

You can find more information about the new HLB Debit Mastercard or how to open an online account on our website.