CIMB Simplifies EV Charging with Contactless Card Payments

CIMB Simplifies EV Charging with Contactless Card Payments

by May 27, 2024

CIMB Bank has launched a new contactless payment solution for electric vehicle (EV) charging, in collaboration with JuiceUP, a subsidiary of PAIDChain, and Visa.

This initiative aims to simplify the payment process for EV owners by allowing them to use their debit or credit cards at charging stations.

The partnership between CIMB, JuiceUP, and Visa enables a seamless and convenient charging experience, moving away from the reliance on EV apps.

This is expected to encourage more people to consider electric vehicles as a sustainable transportation option.

As part of the exclusive partnership, CIMB credit and debit cardholders will receive up to 15% off charging services at EVPower stations.

This offer aims to make charging more affordable and accessible for the growing number of EV users through the EVPower Charging Network.

CIMB is also providing comprehensive EV financial solutions to promote the adoption of EVs in Malaysia. These include preferential auto financing rates, discounts on motor insurance, and an exclusive offer for successful applicants of their EV financing.

Eligible applicants will receive a complimentary EVPower EV+ membership, RM300 charge credits, a 10% extra wallet reload bonus, and subsidised idle fees.

Additionally, customers can benefit from a RM1,500 discount on a 22-kW Home Wall Charger from EVPower.

Effendy Shahul Hamid

Effendy Shahul Hamid

Effendy Shahul Hamid, Chief Executive Officer, Group Consumer and Digital Banking, CIMB Group said,

“In line with shifting consumer preferences toward seamless and instant payments, CIMB is pleased to offer a first-in-market contactless payment solution, designed to streamline transactions at charge points, ensuring a seamless process for EV users to enhance the overall customer journey.

 

This underscores CIMB’s commitment to advancing sustainable mobility through innovative offerings that elevate the EV ownership experience.”

Benson Lim, Chief Operating Officer, JuiceUP said,

“We are committed to support the Malaysian Government’s goal of advancing the adoption of electric vehicles by removing barriers to charging infrastructure and providing innovative solutions that meet the evolving needs of the market.

 

To this end, we are pleased to work with CIMB to offer the contactless payment solution for the convenience of EV users.”

 

Featured image: (Seated L-R) Cornelius Ee, Chief Executive Officer, EVPower, Daniel Cheong, Head of Consumer Banking Malaysia, CIMB and Ng Kong Boon, Country Manager of Visa Malaysia, along with partners from respective organisations.