Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to ‘flip’ between spending on an all-in-one debit and credit card.
The feature, which is named Flip, will allow users to seamlessly alternate between spending on their Mox Card for Mox Account – the debit card – and Mox Credit, which is a credit card.
According to Mox, the Mox Card is the first all-in-one numberless bank card in Asia and is the first virtual bank to introduce both Apple Pay and Google Pay. The company claims it has over 130,000 customers and its Mox Card has supposedly been used almost 4 million times.
Mox also noted that over 40% of Mox Card spending is done online, a finding the company believes reflects the ‘digital lifestyle’ of its customers.
Mox CEO Deniz Güven said, “When we launched Mox Credit, some customers told us they hope to enjoy the flexibility and choice of flipping between debit and credit spending on the Mox Card. Working closely with Mastercard, we now help our customers further unlock the potential of the Mox Card, enabling them to easily spend on debit or credit.”
Mastercard managing director for Hong Kong and Macau Helena Chen said, “As demand for digital experiences grows stronger, Mastercard is pleased to further its collaboration with Mox to bolster the Mox Card, which has both debit and credit features that give consumers greater control and more choices in their transactions.
“Mastercard’s Digital First program across Asia Pacific opens up more opportunities for the Mox Card to deliver seamless, flexible and secure digital payment experiences.”
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