DBS Bank Taiwan launches co-branded iPass cardBIODEGRADABLE POLYMER: The bank said that its iPass credit card, the first such card issued by a foreign bank, gives it access to stores that do not accept its credit cardsBy Kao Shih-ching / Staff reporterDBS Bank Taiwan (星展台灣) yesterday launched its first co-branded credit card with iPass Corp (一卡通票證), and said it expects its credit card business to fully recover in the second half of this year. The new “DBS eco card” is made of polylactic acid — a bio-based biodegradable polymer that can be produced from renewable resources — and is the bank’s first credit card to have the iPass electronic payment function, it said. The partnership would give the bank new business momentum, DBS Bank Taiwan general manager Lim Him-chuan (林鑫川) told a news conference in Taipei. DBS is the first among the nation’s foreign banks to issue a co-branded iPass credit card, indicating that the Singaporean-based lender is committed to local development and digital transformation, he added. Each credit card contributes profit of NT$200 per month to the bank, the highest among all banks, which shows that its strategy works, said Calvin Lin (林群凱), DBS Bank Taiwan’s executive director of cards and unsecured loans.
Source: Taipei Times July 13, 2020 15:56 UTC