OCBC, Ascenda to offer more transfer options for rewards currencies

It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.

OCBC has extended its partnership with rewards technology company Ascenda, expanding customers' ability to transfer rewards currencies.

The bank’s card holders are now able to transfer their rewards currencies into 8 new major airline and hotel partner programmes via the bank's points exchange portal STACK.

The new proposition is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.

The announcement comes at a time when travel in APAC has nearly tripled over the past year. Air travel is reportedly up 193% year-on-year in April 2023, according to IATA’s monthly air passenger market analysis.

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"Our rewards propositions play a pivotal role in attracting, engaging and retaining high-spending customers for the Bank,” said Gary Wong, head, digital payments & ecosystems at OCBC.

“With the expanded access to Ascenda's larger global network, our customers get more choices, greater value and a better digital rewards experience,” Wong said.