Congratulations to HKFA CLEARING LIMITED which announces that the Company has successfully gone through the due diligence and approval procedures by both MYWORLD REWARDS and the Central Bank of Malaysia, and got approval from MASTERCARD to issue the HKFAEX PREPAID CO-BRAND MASTERCARD ("BAUHINIA MASTERCARD") on 17 February 2021 so as to provide brand new payment channel for customers.
MYWORLD REWARDS is not only one of the largest prepaid card issuers in Malaysia, but also a well-known fintech company. With the successful issuance of BAUHINIA MASTERCARD, customers can either continue to use UnionPay and bank remittances as usual or try to use Mastercard in the near future as their payment channels.
Malaysian Liaison Office Grand Opening in November 2019
"We are very grateful to MYWORLD REWARDS, the Central Bank of Malaysia and Mastercard for their recognition," said Lewis Wan, Chairman of HKFAClearing Limited, “our purpose in issuing BAUHINIA MASTERCARD is to provide customers with one more payment option for transaction settlement. We will actively cooperate with the completion of BAUHINIA MASTERCARD design and system docking, and as soon as possible to the market. ”
Cooperation with Royal Club Malaysia in December 2019
“This is the fourth major cooperation project that the Malaysian Liaison Office has facilitated since its establishment in 2019," said Mac Ho, Chief Liaison Officer of HKFAEx Malaysian Liaison Office, “the Malaysian Liaison Office has been seeking to work with local businesses and groups to conduct operations in Malaysia and the ASEAN region, and has reached framework agreements with the Royal Club Malaysia, the Malaysian Federation of the Global Alliance of China Qipao Association and the Malaysian semi-government body, ACTIVE MALAYSIA. The issuance of BAUHINIA MASTERCARD is just the beginning of our partnership with MYWORLD REWARDS, and we are working together on how to further strengthen cooperation in Malaysia, the ASEAN region and Hong Kong. ”
Cooperation with ACTIVE Malaysia in January 2020
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