Alliance Bank and MetaFin Launch Innovative Virtual Visa Card for Digital Payments

Alliance Bank and MetaFin Partner to Launch Innovative Virtual Visa Credit Card via MetaFin Digital App

Kuala Lumpur, July 26th, 2024 - In a significant step towards revolutionizing digital finance, Alliance Bank Malaysia Berhad Alliance Bank, a leading financial institution in the country, has announced its strategic partnership with MetaFin, Malaysia's pioneering platform for do-it-yourself insurance and personal financial services. This collaboration introduce an innovative Virtual Visa Credit Card designed specifically for application through the MetaFin Digital App, enhancing users' digital payment experiences while ensuring superior security measures.

This joint venture combines Alliance Bank's extensive experience in financial services with MetaFin's cutting-edge technology capabilities, offering a seamless service that allows customers to apply for virtual credit cards directly within their mobile app.

MetaFin's Virtual Visa Credit Card offers several groundbreaking benefits, including:

• Malaysia's First In-App Virtual Credit Card: This card represents a paradigm shift in digital payments by providing users with an entirely secure payment solution.

• Streamlined Application Process: Users can now enjoy the convenience of applying for a virtual credit card directly from their phones via MetaFin Digital App hassles, making transactions more accessible and faster than traditional methods.

• Zero Annual Fee: The card is offered with no annual fee charged to users, providing an added advantage.

Gan P Li, Group Chief Consumer Banking Officer at Alliance Bank stated: This partnership signifies our commitment to enhancing the accessibility of insurance products for Malaysian citizens. By integrating a virtual credit card into MetaFin's suite of services, we m to provide customers with personalized solutions designed to meet their financial needs conveniently and efficiently. The ease of application alongside the flexibility offered by splitting premiums into monthly instalments through our Flexi Payment Plan underscores Alliance Bank's focus on providing innovative financial solutions that cater to the evolving demands of today’s digital consumers.

Sam Tang, Co-Founder Advisor at MetaFin emphasized: We are thrilled to collaborate with Alliance Bank to introduce this pioneering virtual credit card. This partnership embodies our dedication to delivering modern, user-frily financial tools that streamline access to insurance and banking services for our customers. The combination of cutting-edge technology with Alliance Bank's industry expertise ensures a comprehensive digital experience designed to meet diverse needs. MetaFin is committed to fostering innovation in insurance, banking, investment, healthcare, and lifestyle services. Through the Virtual Visa Credit Card, users can now conduct transactions efficiently while gning access to car, medical, life insurance and more from within our ecosystem.

Key features of the card include:

• Instant Card Management: Users have the ability to freeze, unfreeze, or delete cards immediately, ensuring flexible control over their financial activities.

• Customizable Sping Limits: This feature enables users to set sping thresholds for added security.

• Recurring Payments Control: Simplifying transactions with automatic recurring payments management.

• Security Reinforcement: The card employs a 16-digit randomly number valid only for 30 minutes per transaction, safeguarding sensitive data from potential fraud.

Eligibility requirements are strghtforward:

• Applicants must be aged 21 or above and earn an annual income of at least RM24,000.

To apply, interested users can download the MetaFin Digital App via Google Play, the App Store, or Huawei AppGallery. They simply need to register their account and select the Virtual Credit Card icon within the app. Scanning MyKad alongside uploading necessary income documents completes the application process.

MetaFin also offers exclusive rewards for early adopters:

• Downloading and registering in the MetaFin Digital App will unlock referral features, allowing users to earn additional rewards by inviting fris and family members.

• These rewards can be utilized across the entire MetaFin ecosystem, enhancing savings opportunities.

For more information on this partnership, please visit MetaFin’s official website at www.metafin.com.myhttp:www.metafin.com.my.

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