EAST WEST Banking Corp. recently launched its EastWest-Visa Debit Card, which it said is an ideal cashless tool for families with relatives working overseas who regularly send remittances to their loved ones back home.
In a statement, EastWest said it made the card easier to use and more secure for receiving money from overseas through the Visa Personal Payments (VPP) facility, which allows remittance beneficiaries to receive the funds through the debit card within minutes.
The funds received can be used to pay bills or withdraw from over 1.9 million Visa-accepted automated teller machines (ATMs) worldwide.
The service is available for EastWest-Visa Debit cardholders who can receive remittances from places where the VPP is available. The service also eliminates the need for recipients to personally go to remittance outlets to claim cash and pay additional transfer charges.
The VPP is currently available at the United Arab Emirates through Visa’s designated remittance partner, UAE Exchange.
The debit card can also be used for cashless shopping and for dining at any store or restaurant that accepts Visa cards, as well as for buying products online.
In an earlier statement, Iain Jamieson, Visa country manager for the Philippines and Guam, said the debit card offers cardholders a very important feature—convenience.
“The EastWest Visa Debit Card can be used to pay for items at point-of-sale and online, receive funds from any organization worldwide certified for Visa Money Transfer-Fast Funds and withdraw cash from ATMs,” Jamieson said.
“Aside from its convenience, cardholders can be guaranteed that purchases are both fast and secure because transactions are processed by Visa,” he added.
For his part, Gerardo Susmerano, EastWest executive vice president and head of the retail banking and operations cluster, expressed delight in offering the debit card to the bank’s customers.
“[Introducing the debit card] further [affirms] our passion for customer-service excellence,” Susmerano said.
By enrolling in EastWest’s Internet and mobile-banking service, cardholders can also start using their debit card to settle their utilities, phone, cable-TV and credit-card bills, as well as pay for their British Embassy visa application, and Easytrip and e-Pass reloads.
Cardholders can also use the card to pay bills through all EastWest and BancNet ATMs.
Consumers can secure the debit card just by opening a deposit account at any of EastWest’s stores nationwide. For inquiries, clients may call EastWest’s 24-hour customer service hotline at (02) 888-1700.
Source: Business Mirror
By: Paul Anthony A. Isla