New suite of refreshed benefits for Platinum, World and World Elite cardholders aims to meet the evolving needs of Asia’s booming affluent population

Tweet: #Mastercard reimagines what Affluent means in #AsiaPacific w revitalized suite of premium offers http://news.mstr.cd/2iP4JGj

Asia Pacific – January 9, 2017 – Mastercard has refreshed its Affluent platform in Asia Pacific with an elevated suite of premium dining and travel rewards and services. Available exclusively for Platinum, World and World Elite Mastercard consumer credit cardholders in the region, Mastercard now provides enhanced value, catering to the evolving desires of Asia Pacific’s burgeoning Affluent population.

An international hub of enriching cultures, experiences and opportunities, Asia Pacific’s state-of-the art business facilities and iconic travel destinations make it the perfect place for Affluent consumers to live, work and play. According to the Mastercard Global Destinations Cities Index, half of the world’s top destination cities are in Asia Pacific, making it a prime stop for relaxing holidays, exciting events and global business.

With consistent economic growth and rising spend power, Asia Pacific’s Affluent consumers are exerting greater influence on global commerce directives and marketing efforts than ever before. By 2020, Asia Pacific will have the largest population of High Net Worth Individuals (HNWI), with an expected annual growth rate of 10.3% in 2017[1]. In 2015, Asia Pacific surpassed North America as the region with the highest HNWI wealth of US$ 17.4 trillion[2].

These shifts have re-defined the lifestyles and spending priorities of Asia Pacific’s Affluent consumers. According to Jenn Ong, Head, Consumer Credit, Asia Pacific for Mastercard; Asia Pacific’s Affluent consumers are highly sophisticated and discerning, preferring experiential luxury over material possessions.

“Growing in affluence and influence, Asia Pacific’s consumers are shaping the notion of what luxury means today. Our insights, mined from card spend, travel patterns and consumer journeys, give us a deep understanding into the Affluent consumer and their greatest passions,” said Ms. Ong.

“Our latest research found that social activities, such as overseas holidays and fine dining with loved ones are some of the key priorities amongst consumers in the region. These learnings are especially crucial as we build compelling offers, as part of our commitment to provide cardholders with superior value,” she said.

As part of the refresh, Mastercard’s revitalized program ushers in a comprehensive suite of benefits around its core consumer passion pillars: Travel, Dining and Peace of Mind. Whether it’s residing at one of Asia Pacific’s most luxurious properties, savoring a curated degustation dinner, or recharging in the comfort of a private lounge, Mastercard’s refreshed program provides cardholders with an elevated level of convenience and luxury, and connects them to the most priceless entity: quality time.

The renewed offer platform has launched across Asia Pacific, comprising a wide range of benefits are available for Mastercard Platinum, World and World Elite cardholders across the following pillars:

Travel

  • Luxury Hotels & Resorts Privileges: Consolidating a collection of the finest hotels and resorts across the world, cardholders can enjoy exclusive benefits at some of the world’s pinnacle luxury properties.
  • LoungeKey™: Enabled by the largest and most secure network with over 800 airport lounges in more than 300 cities in over 120 countries, cardholders enjoy complimentary membership to airport lounges with a single swipe on their World or World Elite Mastercard[3].
  • Destination Limo: World and World Elite cardholders can enjoy preferential rates for chauffeured limousine at selected airports globally.
  • Global Wi-Fi Access: World Elite cardholders have access to complimentary unlimited Wi-Fi at more than 1 million Wi-Fi hotspots around the world, including inflight access.

Dining

  • Mastercard Epicurean Experiences: World and World Elite cardholders can now enjoy priority reservations and exclusively curated seasonal menus by avant-garde visionaries and Michelin-starred chefs at 20 top restaurants globally.
  • Kids Dining Perks: Together with InterContinental® Hotels and Resorts, Mastercard cardholders are entitled to complimentary dining for kids aged 12 years and below with every paying adult across 26 participating restaurants in Asia and Australasia.
  • Mastercard Wine Privileges: Receive a complimentary bottle of wine when dining at more than 100 participating restaurants across China, Hong Kong and Singapore, with a minimum spend[4].

Peace of Mind

  • E-commerce Protection: Cardholders are automatically protected for eligible online purchases made with their Mastercard[5].
  • Wallet Protection: World and World Elite cardholders are covered against costs associated with replacing their lost or stolen wallets and the items inside it5.

Benefits may vary across card products and issuers. For more information on cardholder benefits, please visit:

-ENDS-

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry.  We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.  Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.  Follow us on Twitter @MastercardAP and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Mastercard Communications Contact
Venture Liang, venture.liang@webershandwick.com +65 6390 5973
Marissa Tree, mtree@webershandwick.com +65 6825 8046

[1] Source: Capgemini World Wealth Report 2016
[2] Source: Capgemini World Wealth Report 2016
[3] Lounge access may be chargeable.
[4] Minimum spend amounts vary according to participating restaurants.
[5] These are currently available to eligible cards issued in China, Hong Kong, Singapore and Malaysia. Terms and conditions apply.