News & Events (ALL)

54 Article / ALL

First | Prev PAGE 21/54 Next | Last go to See All..

SBA launches the first US Dollar Prepaid Travel Card with EMV chip Saturday, December 21, 2013


Published on Philippine Star


Sterling Bank of Asia, one of the leading savings banks in the country, has announced the launch of the ShopNPay US Dollar Prepaid Visa Card, a great alternative to cash when travelling, offering convenience and significant benefits.

Sterling Bank of Asia partnered with Visa to introduce the ShopNPay US Dollar Prepaid Visa Card, the first locally-issued dollar-based currency Visa prepaid card embedded with an EMV chip. EMV stands for Europay, Mastercard, Visa and is the global standard for chip-based credit and debit transactions. Compared with existing magnetic stripe cards, the computing power of the chip ensures security and global interoperability so that Visa cards can be accepted around the world.

The ShopNPay US Dollar Prepaid Visa Card provides travelers with peace of mind by reducing the risk of carrying large amounts of cash when travelling. It can be used to make purchases worldwide everywhere Visa is accepted at tens of millions of merchants, online, over the phone and to withdraw funds at over two million ATMs around the world. Cards can be loaded through transfer of funds from existing Sterling Bank Solo Dollar Savings account, free of charge, or via inward remittances.

“We develop innovative ways to make purchases for travel a seamless experience, and the ShopNPay US Dollar Prepaid Visa Card delivers a convenient and secure way to manage funds while travelling abroad,” said Atty. Lamberto R. Villena, President and CEO of Sterling Bank of Asia.

“One of the major concerns of travelers is the fluctuations in exchange rate. With the ShopNPay US Dollar Prepaid Visa Card, no currency fluctuation for US dollar transactions will be experienced by cardholders as the US dollar exchange rate is locked-in at the time of card load, thereby giving cardholders complete control over their travel funds,” Atty. Villena further added.

Iain Jamieson, Visa Country Manager for the Philippines and Guam, said: “We are proud to partner with Sterling Bank of Asia to launch the ShopNPay US Dollar Prepaid Visa Card. This innovative product will provide Filipino travelers with a simple and convenient way to pay, reducing the reliance on cash which can be less secure and harder to track, when traveling abroad."

The ShopNPay US Dollar Prepaid Visa Card can be accessed locally and internationally. It can also provide ease for many shoppers who are looking to make their purchases online, such as online purchase of plane tickets and hotel bookings.
The ShopNPay US Dollar Prepaid Visa Card is available at all Sterling Bank branches, nationwide. For further details about this revolutionary product, you may call 721-6000.

Go online now.

Select your desired account

Learn More / Security Tips

Copyright ©2010. Sterling Bank of Asia
All Rights Reserved. This Internet Banking facility is a Verisign secured site.

©Sterling Bank of Asia