United Overseas Bank (UOB) announced on Tuesday it has teamed up with Mastercard to launch its new regal business metal card specifically for small and medium-sized enterprises (SMEs). While creating the card, UOB reported that it and Mastercard conducted face-to-face interviews and surveys with senior executives in SMEs to have a deeper understanding of how commercial cards can enable them to do more with their business spend.
“The UOB Regal Business Metal Card was designed to offer a comprehensive suite of travel privileges typically not available with commercial credit cards. For example, the card offers business executives unlimited access to airport lounges so that they can work in comfort or rest and refresh while on the go. To help reduce their business entertainment expenses, the UOB Regal Business Metal Card also offers complimentary access to 60 golf clubs around the world.”
While sharing more details about the card development, Jacquelyn Tan, Head of Personal Financial Services Singapore, UOB, stated:
“The number of SMEs using UOB commercial credit cards has increased by more than 65 per cent over the last five years. Of these, most use their commercial credit cards in the region for travel and business entertainment. To support these SMEs, we have designed the UOB Regal Business Metal Card, with its comprehensive suite of benefits and privileges to help them enjoy greater value and cost-savings in the areas they spend the most.”
Deborah Heng, Country Manager, Singapore, Mastercard, added:
“Mastercard’s insights offer a deep understanding of the key expectations of different consumer segments. With SMEs making up the majority of registered businesses in Singapore, Mastercard is committed to supporting them with tailored solutions that benefit both the business owners and their businesses. The UOB Regal Business Metal Card provides SMEs access to a range of attractive and complimentary offerings at their fingertips, from personalised services to curated experiences.”