UnionBank, Lazada launch Philippines’ first e-commerce debit card

Following the launch of the country’s first “e-commerce credit card,” Union Bank Philippines and Lazada Philippines on Saturday unveiled another offering for the growing digital payments ecosystem.

In a statement on Saturday, UnionBank and Lazada said they were launching the UnionBank Lazada Debit Card, the country’s first “e-commerce debit card.”

Like the UnionBank Lazada Credit Card, the debit card also allows cardholders to earn two Lazada wallet credits for every P200.00 spent on the online shopping platform.

Cardholders also earn one Lazada wallet credit for every P200.00 spent outside the platform.

In addition, UnionBank Lazada Debit cardholders are entitled to special discounts and offers from selected LazMall merchants, and first-hand access to pre-sales and mega-sales, allowing them to get the most out of their online shopping.

To open a UnionBank Lazada Debit Card account, applicants can either opt for the digital account opening feature found in the UnionBank Online app or go to the UnionBank microsite accessible via the Lazada website and app.

For added convenience, applicants who open an account via the UnionBank Online app will also be able to access the Lazada Virtual Card, UnionBank’s first virtual card, so that they can already start their online shopping spree.

Cardholders can opt to deposit cash at any UnionBank branch or cash deposit acceptance machine.

They can also go with interbank fund transfers via InstaPay and PESONet, or through Bancnet ATMs.

Alternatively, cardholders can fund their accounts through 7-Eleven and ECPay’s more than 11,000 partner merchants nationwide, which include pawnshops and remittance centers. -MDM, GMA News