The Market Monitor Minding the Nation's Business
Digital bank Maya has announced a collaboration with Landers Superstore to introduce a state-of-the-art co-branded credit card, designed to enhance the shopping experience for consumers.
In a statement released recently, Maya introduced the Landers Cashback Everywhere Credit Card, which offers cardholders the opportunity to earn cashback rewards of up to 5% on purchases at Landers, 2% on dining, and 1% on other transactions.
Cardholders can conveniently monitor their cashback earnings and redeem vouchers through the Maya app, with the potential to accumulate up to PHP200,000 in cashback annually, redeemable exclusively at Landers.
“Filipinos are looking for a credit card that is simple, rewarding, and hassle-free. We are elevating the credit card experience with cutting-edge features and appealing cashback rewards,” said Shailesh Baidwan, president of Maya Group and co-founder of Maya Bank. He added, “This is just the beginning; we are preparing to launch even more credit products tailored for Filipinos who are underserved by traditional banking services.”
To apply for the card, customers must hold a Landers membership and a Maya account. The application process is entirely paperless and managed through the Maya app.
Notably, the credit card features a dynamic CVV that refreshes each time the card details are accessed. Additionally, powered by Visa, the card is accepted by over 130 million merchants globally.
Lowell Yu, chairman of Southeast Asia Retail Inc. and Landers Superstore, expressed excitement about the partnership, stating, “We are thrilled to collaborate with Maya to provide a credit card that delivers genuine value to our members. The cashback rewards, combined with Maya’s digital banking platform, make shopping more rewarding, enriching, and secure.”