Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Cardby Fintech News Hong Kong March 2, 2021
livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card.
livi said that the virtual debit card expands livi’s product line with a goal to support customers’ everyday living anytime, anywhere, especially under the “new normal” where customers are now shopping more online.
livi customers will be able to get instant access to their digital Mastercard debit card after signing up through their liviSave account.
It gives them the card information necessary to make secure online transactions right away, and a one-tap option also enables them to add their new virtual card to their mobile wallets.
livi is offering a promo from 1 March to 31 May for 3 months where customers receive a total 8% super cashback on online spending, up to HKD2,400 during the promotional period where terms and conditions apply.
“livi’s new virtual debit card with Mastercard will provide customers a very attractive online shopping offer of 8% super cashback to suit their needs. We have seen today’s consumers moving away from using physical cards to the more convenient, hygienic and flexible digital cards.
Our recent consumer survey has shown a rise in digital adoption over the past year, with more than half of the consumers saying their online shopping increased, and 85% saying that they will maintain this shopping trend going forward.”
said Michelle Chan, Director, Marketing, Business Development & Innovation, of livi.
“As the pandemic pushes a rapid and lasting shift to e-commerce and contactless payments, consumers are looking for faster, safer, more convenient and now cleaner solutions while shopping. As a global leader of the payments industry, Mastercard has been spearheading the transition to digital payments.
Mastercard continues to drive the development of e-commerce by collaborating with livi, a virtual bank that shares the same vision of bringing extraordinary online shopping experience to Hong Kong consumers’ everyday lives through fast, seamless, safe and secure digital payments.”
said Helena Chen, Managing Director, Hong Kong and Macau, Mastercard.
Featured image credit: livi Bank