AEON Bank, Malaysia’s first Islamic digital bank, has announced a strategic partnership with Visa. This new collaboration signifies a significant milestone in their commitment to transforming the digital payments and cashless transactions experience for local consumers in Malaysia.
In a joint statement, the parties revealed that the partnership will commence with the launch of the Aeon Bank x Visa Debit Card-i and will soon expand to include various digital payment solutions. These solutions aim to cater to the growing interest among Malaysian consumers seeking safe and reliable cashless transactions and digital banking solutions that adhere to Shariah banking principles.
Raja Teh Maimunah, CEO of Aeon Bank (M) Berhad, expressed excitement about partnering with Visa, leveraging their innovative capabilities to provide secure, easily accessible, and convenient banking solutions tailored to meet the demands of Malaysian consumers.
She emphasised that this partnership would enable customers to enjoy a wide range of benefits through Visa’s extensive network of merchants and partners, while also offering Shariah-compliant solutions to Malaysians from all walks of life.
Visa stated its enthusiasm for embarking on this journey with a digital bank like Aeon Bank, combining global experience in digital payment technology with Aeon Group’s broader retail and finance ecosystem. This collaboration aims to reach out to an extensive customer base, integrating value-added, seamless digital payment solutions that meet the needs of modern consumers across the omnichannel landscape.
Ng Kong Boon, Visa country manager for Malaysia, highlighted the rapid evolution of the payments industry, consumer demands, and payment technologies. He expressed excitement about partnering with Aeon Bank to evolve with the changing landscape and develop the next generation of products and solutions. This strategic partnership aims to support the next phase of growth for Aeon Bank and transform the way Malaysians pay and are paid.
As part of the grand launch, users of the Aeon Bank x Visa Debit Card-i can enjoy attractive rewards and sign-up bonuses during the campaign period.
Aeon Bank, a part of the Aeon Group, is one of Malaysia’s most recognisable household brands, with over four decades of history in Malaysia and more than 200 years in Japan. As Malaysia’s first Islamic digital bank, the bank is committed to providing accessible financial services to all, including the underserved and unbanked, empowering them to pursue their aspirations and achieve economic independence, while fostering a more inclusive financial future for all.
