STERLING BANK OF ASIA LAUNCHES FIRST AND ONLY US DOLLAR VISA DEBIT CARD WITH EMV CHIP. Sterling Bank of Asia, in partnership with Visa has launched the first and only locally-issued US Dollar Debit card with EMV chip, the global standard for chip-based credit and debit card transactions. The Bank has been issuing cards embedded with EMV chip since 2008 when it first launched its line of prepaid and debit cards. Sterling Bank of Asia and Visa officers during the official launch of the ShopNPay US Dollar Visa Debit card.

  
Sterling Bank of Asia, one of the leading thrift banks in the country, provides its customers with a product that will change the way they transact and pay. The ShopNPay US Dollar Visa Debit Card is the first and only locally-issued US Dollar debit card that is embedded with an EMV chip, the global standard for chip-based credit and debit card transactions.

The ShopNPay US Dollar Visa Debit Card comes with every SoloDollar Savings Account opened with the Bank. Linked with the interest-earning, passbook deposit account, the card’s balance and value are in USD currency making it ideal for patrons who travel often, whether for business or leisure.

“Since we first launched our line of prepaid and debit Visa cards with EMV chip back in 2008, we have continued to enhance the value and the range of the products we offer. For us, this means a legacy of integrity and excellence, values that we pursue by constantly innovating and providing the very best products and services to our valued customers,” said Cecilio Paul D. San Pedro, president, and CEO of Sterling Bank of Asia.

“Once again we are giving our clients the cashless convenience they desire. We’re keen to change the habit among cardholders so they can exercise more control of and manage their funds. The ShopNPay US Dollar Visa Debit Card can be accessed locally and internationally, near-at-hand when they need it,” San Pedro said.

“Sterling Bank of Asia is the only savings bank in the Philippines that issues a US Dollar-denominated Visa debit card with EMV chip card technology. ShopNPay US Dollar Visa Debit Card is very much in line with our commitment to provide customized solutions for our customers and respond to their evolving needs,” added San Pedro.

"We congratulate Sterling Bank, a longstanding partner of Visa, for pioneering the US Dollar-denominated Visa card in the Philippine market first in prepaid and now in debit among homegrown banks. The United States of America continues to be the top market for Filipino spenders. Last year, the payment volume doubled that of runner-up destination Singapore. ShopNPay US Dollar Visa Debit Card, which is EMV chip-enabled, is the smart and secure choice for savvy consumers,” said Stuart Tomlinson, Visa country manager, the Philippines, and Guam.

Whether one is a businessman, frequent traveler, an expatriate, or an employee with a salary in USD currency, one can benefit from the advantages of having a ShopNPay US Dollar Visa Debit Card on hand. The cardholders can easily access their dollar funds at any of the 29 million Visa accredited merchants and terminals or at any Visa/Plus affiliate ATMs in over 170 countries; avail of the exclusive perks of Visa promos; and for online transactions.