Banking Malaysia Payments

Malaysians Can Now Link Their Hong Leong Debit Cards to WeChat Pay

by Fintech News Malaysia August 23, 2018 0 comments

Malaysians who own a Hong Leong debit card can now start treating the freshly-launched WeChat Pay as their extended Hong Leong account, with the announcement of a new partnership between the e-wallet and the bank. Now, users can link their Hong Leong debit cards to their WeChat Pay accounts.

This won’t be the first time Hong Leong strikes a local deal with WeChat Pay, with another geared towards China tourists struck back in 2017.

Where to Use Your Hong Leong-Linked WeChat Pay

As of today, Hong Leong Bank customers can use WeChat Pay for products and services that enabled the e-wallet, like Garena, Joox music, and telco prepaid top-ups.

According to a press release, the same holds true for any transactions in Switch, one of the premier Apple resellers in Malaysia.

Update: A Hong Leong Bank representative informed us that there will be no transaction fees either, whether for top-ups or withdrawals. 

Soon, the bank reports that users would also be able to use their Hong Leong-linked WeChat Pay for shopping in Giant, Genting, MyNews, and GSC, among others.

How to Link Your Debit Card with Your Wechat E-Wallet

1. In WeChat, Go to “Me”, select Wallet.
2. Click on Bank Cards, add a HLB bank card, then enter the 6-digit PIN for payment using the HLB Debit Card.
3. Enter Debit Card No, Expiry Date, CVV Code and email. Upon successful registration, a SMS will confirm the Debit Card binding to the Wallet.

For a visual reference, you can follow the video below:

The new development marks Hong Leong Bank as one of the first in Malaysia to join Tencent as a local WeChat Pay master merchant acquirer, though it will remain to be seen what that entails for both the e-wallet issuer and bank.

WeChat Pay made its official debut in Malaysia earlier this week, and began their consumer onboarding strategy with a free money scheme. By midday of the launch, WeChat Pay Malaysia had run out of money packets to give out to Malaysians due to demand.