HSBC, Watson facilitate rewards exchange

Business | 10 Jun 2019 1:35 pm

The Hongkong and Shanghai Banking Corporation and A.S. Watson will allow rewards points to be converted between HSBC Reward Cash and Money Back.

It is free on both mobile apps at a rate of 1 reward cash point to 50 Money Back points.

Greg Hingston, head of retail banking and wealth management at HSBC Hong Kong, said the new feature in the HSBC Reward+ app will save time in redeeming vouchers.

Dominic Lai, group managing director of A.S. Watson, said the converted MoneyBack points can be used as usual at Fortress, PARKnSHOP, and Watsons retail stores.

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