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Home Fintech

XOX Partners With Alliance Bank To Offer Financial Services On BLACK App

It plans to release an in-app virtual credit card.

by Ikmal Rozlan
May 23, 2023
XOX Alliance bank black app credit card

Photo: XOX

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Telco company XOX has announced a partnership with Alliance Bank in an effort to offer personal financial products and services. These new products and services will be integrated into its BLACK app in two stages, marking its first step to expand the app beyond its current offerings.

The first stage of this partnership will allow BLACK app users to access the bank’s products such as credit cards and personal loans. While the overall project has just been revealed, XOX has actually allowed users to apply for the bank’s credit cards and personal loans through the app since April.

XOX Alliance bank black app credit card
Image: XOX

In the second stage of this project, the telco said that users would be able to make daily transactions through the BLACK app with an integrated virtual credit card. As of now, XOX has not clarified when the second phase will be commenced or which Alliance Bank credit cards will be offered in virtual form.

Currently, the physical cards being offered through the app include the Alliance Bank Visa Platinum card, the Visa Signature Card, and the Visa Infinite card. To be eligible to apply, applicants must be at least 21 years old with a minimum gross monthly income of RM2,000 or a minimum annual salary of RM24,000.

XOX Alliance bank black app credit card
Image: XOX

Additionally, there is an ongoing campaign whereby users who apply for any of these credit cards or personal loans through the app and get approved will be eligible to receive several rewards, including BLACK MARKET vouchers, Watsons vouchers, and data vouchers. The campaign is running from 1 April 2023 until 30 June 2023.

ALSO READ:  AEON Credit Launches Malaysia's First Visa Cards For Motorcyclists

To apply for any of the products or services mentioned, you will need to download the BLACK app and go to the finance section. To be eligible for the rewards, you must apply within the campaign period and be approved by 15 July 2023 at the latest.

(Source: Bernama)

Filed Under alliance bankBankingCredit CardfintechTelcoXOX
Updated 1:59 pm, Tue, 23 May 23
http://lowy.at/JeVu7
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