FJ Benjamin, Aleta Planet sign MOU for UnionPay virtual debit card

Monday 29 March 2021 13:05 CET | News

Fashion retailer FJ Benjamin (FJB) and fintech Aleta Planet have signed a Memorandum of Understanding (MOU) for a co-branded UnionPay virtual debit card.

The aim of this initiative is to help make shopping and payment easier and safer as well as offer generous cash rebates to cardholders. The co-branded card is powered by Aleta Planet’s proprietary technology and UnionPay International’s platform. 

The card can be used at FJB stores and for ecommerce transactions, and cardholders can control how much money is transferred to or spent on the card. Cardholders need to scan their phones against a QR code to make contactless payments. With the card, FJB customers will be able to pay like a local in China, where almost all transactions, particularly in small and medium-sized establishments, are cashless. Chinese tourists with UnionPay cards travelling to Southeast Asia will also find it easier to shop at FJB stores in Singapore, Malaysia, and Indonesia. UnionPay will promote the card to all its outbound travellers to shop at stores that accept their cards including FJB’s.

In addition, FJB cardholders can remit money to UnionPay cardholders within 60 seconds through their virtual debit card. They can enjoy a range of benefits promoted by UnionPay all year round, including a USD 15 Amazon gift card with minimum spend of USD 60 and 18% off (capped at USD 8) at Dian Xiao Er, Jumbo Seafood, and Wine Universe. 

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Keywords: FJ Benjamin, Aleta Planet, UnionPay, partnership, debit card
Categories: Payments & Commerce
Countries: World
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