KUALA LUMPUR (June 15): CIMB Bank Bhd has teamed up with Lazada Malaysia to introduce a Mastercard prepaid card which can be approved online and offers customers cash rebates and merchant discounts. The card is available online on CIMB Clicks and the Lazada website and can be used immediately upon the issuance of a virtual 16-digit card number, said CIMB in a statement today. "With this card, customers will enjoy a 1% cash rebate, capped at RM25 per month for online Lazada purchases at www.lazada.com.my. Other non-Lazada purchases are eligible for a 0.50% cash rebate up to RM25 per month," it added. The card is available to all existing CIMB customers.

Source: The Edge Markets June 15, 2017 10:30 UTC