AS Watson Group and HSBC announced a new strategic partnership for HSBC Visa Platinum cardholders and MoneyBack members to enjoy a series of rewards and privileges through spending at PARKnSHOP, Watsons and FORTRESS. This follows an alliance established in 2019 when the two companies introduced the first-in-market interoperable instant rewards conversion between HSBC RewardCash and ASW MoneyBack points.
The new partnership will enable MoneyBack VIP members to earn 6x MoneyBack Points and 4x for non-VIP MoneyBack members by spending with HSBC Visa Platinum Card and at aforementioned outlets. Across the board, there will be instant discount of up to 8 per cent for shopping at these merchants on designated dates. All these benefits apply to online and in-store shopping. HSBC Visa Platinum Card customers can link their card to the MoneyBack mobile app to enjoy these new benefits.
Mandy Ng, Customer Director of MoneyBack and Chief Customer Insights and Analytics Officer of AS Watson Group, said, “MoneyBack is the leading retail reward programme in Hong Kong with 3.8 million active members. Over the past 15 years, we have rewarded 60 billion points with a value equivalent to HK$1.2 billion to our members, which they can use the points as cash direct and shop at PARKnSHOP, Watsons and FORTRESS. We are excited to step into another milestone with the Hong Kong’s leading bank HSBC to turn shopping into more rewarding for our customers. MoneyBack members now can earn fantastic rewards easily when they shop at offline plus online (O+O) channels under ASW’s retail brands with HSBC Visa Platinum Card at anytime and anywhere. Looking forward, we will continue to enhance exclusive O+O experience and provide attractive offers for our customers as our heartfelt thanks to their continued support.”
