CIMB BankNews

CIMB Bank unveils virtual debit card

CIMB Bank Philippines (CIMB Bank), a digital bank services provider, unveiled its virtual card for all its deposit customers.

CIMB Bank account holders (of Fast Plus, GSave, or UpSave) can use their CIMB Virtual Debit Card for online transactions. Bank clients who will activate their virtual debit cards until June 30 through the app are entitled to get a 5% cashback, capped at P100 per customer per month, applicable for all transactions with a spend of at least P1,000.

“Through the new CIMB virtual debit card, we are further supporting the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap and overall financial inclusion goals for the country,” Vijay Manoharan, CEO of CIMB Bank PH, said in a statement. “We are also enabling greater flexibility and increased security for our deposit customers, so that they can easily use their savings to fund their life purpose.” 

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Clients can activate their cards within the app under the “Card” section. Customers can then use their virtual cards with any of their savings accounts. They also get the flexibility to link any of their deposit accounts with the virtual debit card as needed and set daily transaction limits.

Currently, CIMB Banks serves around 7 million clients and over 2.5 million lending customers in the Philippines.