Indonesian bank CIMB Niaga has partnered with JCB to launch CIMB Niaga JCB OCTO digital credit card in Indonesia.
This credit card with digital or virtual technology was developed based on the rapid growth in demand for online transactions and credit card technology. The digital credit card offers a number of advantages. It allows the user to apply for a CIMB Niaga JCB OCTO digital credit card anytime and anywhere, and it also provides an augmented payment method for online transactions using a one-time password ( OTPs).
The issuance of the CIMB Niaga JCB OCTO digital credit card is an initiative of CIMB Niaga and JCB to provide a faster and safer online transaction experience. All transactions will be verified by entering a random two-digit OCTO Mobile PIN, and online transactions at most online merchants that have 3D Secure in place are protected by a one-time password (OTP ) sent to a mobile number registered with the bank. .
The features minimize the risk of online fraud and loss due to card theft. Customers also have the option to immediately block their CIMB Niaga JCB OCTO digital credit card through the CIMB Niaga OCTO Mobile. With the fast online application process for the digital credit card, customers will have instant access to their credit cards at checkout, without having to have a physical one.
Other benefits of this digital credit card include 10% cash back for online transactions through CIMB Niaga OCTO Mobile, Free installment fee with 3 months tenure for minimum retail transactions of USD 34 , and no annual fee.