F J Benjamin and fintech company Aleta Planet have, on March 26, signed a memorandum of understanding (MOU) to launch a co-branded UnionPay virtual debit card for its customers.

The card, which is the digital version of the traditional plastic card, can be downloaded on mobile phones. It is said to be safer than carrying cash or the physical card, both of which can be stolen or copied.

The card helps make shopping and payment easier for customers, in addition to offering generous cash rebates.

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