Hong Leong Bank, Mastercard launch debit card in Cambodia

Until October, 1% of each transaction made using the card will be donated to Kantha Bopha Children's Hospital.

Hong Leong Bank has launched a Standard and Platinum Debit Mastercard in order to meet the increasing digital and cashless demands of Cambodians, the bank said in a press release.

Four out of five Cambodians prefer the speed of digital payments, whilst 63% use new technology to help better manage their money, according to a study by Mastercard. Almost half or 42% of respondents also indicated that they were more comfortable using contactless payments during the pandemic as reportedly it gave them peace of mind.

Cambodian customers can avail of the bank by opening an all-in-one account online via on the Hong Leong Connect app, said Terrence Teoh, managing director and CEO of HLB Cambodia. The HLB Debit Mastercard will be delivered to customers at their location of choice.

"These new debit cards will also enable greater access to digital payments and e-commerce as it can be easily used at an ever-expanding number of online and offline merchant touchpoints. Cardholders can also enjoy extensive offers and rewards while experiencing the benefits digital payments have to offer," added Teoh.

Rewards bundled with the card include higher interest rates for the HLB all-in-one account, a waiver on Mastercard fees, and discounts from foodpanda as well as a wide range of restaurants, hotels and resorts across Cambodia.

HLB cardholders will also have the opportunity to make a difference to the community by simply spending with their cards. With each transaction made using the HLB Debit Mastercard either online or in-store from now until October, 1% of the payment value will be donated to Kantha Bopha Children's Hospital, which provides free medical services to about 85% of the country's children.