KUALA LUMPUR: CIMB Bank Bhd has announced that it is one of the first Malaysian banks to introduce Google Wallet, in line with Google’s announcement on the introduction of Google Wallet today.
From Nov 15, CIMB’s customers in Malaysia can add any CIMB Bank Mastercard credit card to Google Wallet and make contactless payments on both Android and Wear OS devices in stores, as well as for payments on apps and on the web.
“We are delighted to be one of the first Malaysian banks to introduce Google Wallet via our CIMB Bank Mastercard credit cards. As customers increasingly depend on their smartphones and wearable devices to interact and transact in their daily lifestyles, Google Wallet will make it easier for our customers to make seamless and secure payments across a wide range of contactless points of sale in stores, as well as in apps and on the web.
“We look forward to introducing more innovative digital offerings such as this cashless solution in line with our focus on customer centricity as part of the bank’s Forward23+ strategic plan,” group consumer banking CEO Samir Gupta said in a statement.
From Nov 15, 2022, to Feb 28, 2023, CIMB will also be running a cashback campaign to encourage customers to try out this contactless payment method.
Any CIMB customer who spends a minimum of RM100 per transaction using their CIMB Bank Mastercard credit card via Google Pay will get RM10 cashback. Each customer is only eligible for one cashback transaction per month during the campaign period, for a maximum of up to RM40 in total.
Meanwhile, Hong Leong Bank and Hong Leong Islamic Bank also announced that its cardholders can enjoy a simple, secure and seamless contactless payment experience with Google Wallet starting today.
With Google Wallet, HLB cardholders are able to make contactless payments leveraging on near-field-communication (NFC) via supported Android devices by adding their HLB Cards to the Google Wallet app. Cardholders can then tap to pay wherever contactless payments are accepted.
Group managing director and chief executive officer Domenic Fuda said: “Aligning with our bank’s ‘Digital at the Core’ ethos, we are very excited to be one of the first banks in the market to support Google Wallet for our cards. With the rapid adoption of DuitNow QR codes, mobile banking apps, and mobile wallets, mobile payments have seamlessly integrated into the digital lifestyles of Malaysians and are one of the preferred transaction methods today. Working together with Google is part of our continuous efforts to offer simple and frictionless payment services to our customers.”
Similar to contactless transactions performed using the physical card, payments through Google Wallet also share the same daily maximum amount for contactless transactions. Transactions amounting up to RM250 do not require PIN verification.
