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Lazada, Unionbank Offer Philippines' First E-Commerce Debit Card

Cardholders can score more wallet credits and get discounts.
by Clara Rosales
Oct 12, 2020
Photo/s: Pixabay / FirmBee

Online shopping has become both a necessity and escape for millions of Filipinos who have been quarantined for months. With the pandemic seeing spikes in online transactions, banks are partnering with e-commerce platforms to create convenient payment channels.

The new UnionBank Lazada Debit Card, the country’s first e-commerce debit card, allows cardholders to earn two Lazada wallet credits for every P200 spent on Lazada. One Lazada wallet credit is earned for every P200 spent outside the platform.

Discounts and offers from select LazMall merchants will also be offered to cardholders, along with first access to pre-sales and mega-sales.

courtesy of UnionBank
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Opening an account

Interested individuals can open a UnionBank Lazada Debit Card account via the opening feature on the UnionBank online app or they can go to the UnionBank microsite accessible via the Lazada website and app.

Apart from the physical debit card, applicants will also be granted a Lazada Virtual Card which they can already use to transact online. This is the first online virtual card offering from UnionBank.

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Other features

Like a regular debit card, the UnionBank Lazada Debit Card can also be used for other financial services such as cash payments, money transfers, deposits, and withdrawals. The card can also be used for online and cashless transactions.

Cardholders can earn interest from maintaining an average daily balance of P10,000 and above.

Funding the account with cash is possible via UnionBank branches and cash deposit acceptance machines, interbank transfers via InstaPay and PESONet, or even through 7-Eleven and ECPay’s partner merchants nationwide.

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