Tiger Brokers Singapore Unveils Debit Card with Instant Fractional Share Rewards

Fintech News Singapore02-29

Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card.The debit card offers its users the opportunity ...

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Fractional shares will also be instantly accrued once users begin to make eligible purchases on-the-go, without having to wait for a physical card to arrive before users start spending.Details of approved transactions will be reflected online almost instantly. Meanwhile, rewards scored will be credited to users’ debit card account one working day after the spend has been made.With the Tiger Trade platform, cardholders have access to a broad spectrum of investment options, from stocks to ETFs and unit trusts, across global markets. The card also offers competitive foreign exchange rates for overseas spending, further enhancing its value proposition.To celebrate the launch, Tiger Brokers is offering a promotional 1% cashback in Tesla fractional shares for eligible transactions made by 30 April 2024, alongside rewards for successful referrals. The application process for the card is straightforward, with no annual fees.Ian LeongIan Leong, CEO of Tiger Brokers Singapore said,“By linking everyday spending with the card, individuals can access pricier stocks without a large initial investment. Furthermore, by offering fractional shares as rewards for everyday spending, we aim to introduce newcomers to investment, and foster awareness and confidence in financial markets. Anticipate more exciting developments tailored for the investing community in Singapore, as we launch additional locally-focused products in the coming months.”","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188782009"}