Revolut, StashAway and PolicyPal announce collaboration
Revolut, StashAway and PolicyPal have announced that they have joined forces to launch 'Medical Energizer' and support medical heroes who are fighting on the front lines.
The program offers local heroes financial, insurance and rides benefits, to support their wellbeing during this crisis, according to a press release.
Revolut, a Visa partner, offers medical personnel 3% cashback for every transaction made on their Revolut Visa cards without any caps and up to SNG50 rides rebates per week for any ride sharing services and taxi rides. Meanwhile, PolicyPal offers Personal Accident COVID-19 insurance with a diagnosis benefit of SNG3,000 and up to SNG2,000 outpatient medical expenses reimbursement. Medical personnel are also eligible to receive free investing for six months offered by StashAway, ensuring they will be financially secure once COVID-19 is over.
Community to join the cause
In the spirit of #SGUnited, 'Medical Energizer' invites customers to join the cause by donating directly on the Revolut app to 'SG Medical Heroes' via the instant Payments feature. There is no minimum donation required and 100 percent of the donations will go directly to the rides rebates, which are available for all ride sharing services and taxi rides.
PolicyPal's community can also support by donating their $P credits to support medical personnel to get their life insurance policies in this trying period.
Eddie Lee, Regional APAC Director of Operations, Revolut, said “This initiative aims to ease the burden of medical heroes who put their lives at risk during the COVID-19 situation. During these turbulent times, it is deeply encouraging to see those providing vital healthcare services around the world, receiving community support. We're confident that our community of generous customers will also appreciate the opportunity to donate and support our courageous Singapore Heroes.”
Michele Ferrario, Founder and CEO, StashAway, said “We are proud to be a part of this initiative to hopefully alleviate some of the stresses on our front liners. StashAway's goal has always been to help our people grow their wealth over the long-term and that means helping our medical heroes stay financially secure through this challenging period of time.”
Val Yap, Founder and CEO, PolicyPal, said “Being in the frontline is a challenging task, therefore we would like to extend our support to protect their health and families. We believe that together we would be able to support each other through this crisis.”
Kunal Chatterjee, Country Manager for Singapore & Brunei, Visa, said “Being able to play our part in this challenging period and join hands with our valued partner, Revolut, to create this medical energizer campaign is important for us. We see this campaign as an opportunity to rally our cardholders so that everyone can make a difference and support the medical heroes in Singapore."
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