DiGi launches telco prepaid card

DiGi Telecommunications Sdn Bhd today announced the launch of Malaysia's first telco-branded prepaid payment card in collaboration with Alliance Bank Malaysia and MasterCard International.

The "DiGi Simple MasterCard" enables cardholders the simplicity to make purchases, much like a credit card, with an easy subscription process that does not require a banking account, incur related fees to credit cards, or the necessary income eligibility criteria and credit evaluation.

In a statement, DiGi Head of Financial Services Galvin Yeo said that the new offering would allow its users, who previously were not entitled to a credit or debit card, to make cashless transactions with the added convenience of performing cash withdrawals.

"We have combined the purchasing philosophy of a credit card and the payment philosophy of prepaid mobile services to make it easier for our customers," he said.

Exclusively for Digi Prepaid, Postpaid and Enterprise customers above 18 years old with valid personal identification and local mailing address, the card can be used by topping up any amount not more than RM10,000 via cash deposit machines, ATMs or online funds transfer.

Subsequently, cardholders also can make purchases at any international and local MasterCard merchants and withdrawals at selected ATMs. -- Bernama