Banco Nacional Ultramarino (BNU) granted MOP450,000 to Institute for Tourism Studies (IFT) as student scholarship fund. The cheque presentation ceremony was hosted by President of IFT, Dr. Fanny Vong, and Mr. Pedro Cardoso, Chief Executive Officer of BNU.
The BNU IFT Mastercard is an affinity credit card which was jointly launched by the two parties and specially designed for IFT staff, students and alumni. For each retail transaction settled with the BNU IFT Mastercard credit card, a certain percentage will be transferred to a fund that provides scholarship to IFT students. During the event, a total fund of MOP450,000 was granted to IFT for scholarship purposes. The cooperation between BNU and IFT on launching the MasterCard credit card is an example of cooperation between the financial institution and the Education organization achieving harmony and benefits for the society of Macao.
To support students to pursue their tertiary studies at IFT, high school graduates with outstanding performance in their admission examinations at IFT can apply for the Institute's Scholarship. Besides, some of the governmental departments, social organizations and other institutions in Macao, such as BNU, offer scholarships to IFT students every year. In addition, the Institute offers different types of scholarship for its students to take part in overseas exchange and internship programmes, as well as activities alike, with an aim to go abroad to study and widen their horizons.
Successful applicant of the card can enjoy permanent fee waiver and other benefits such as cash bonus points, payment by installments, BNU Life merchant discount offers, 24 hour customer service hotline, interest free repayment period up to 56 days flexible repayment scheme. Besides, various flexible payment methods are available including by Autopay (minimum or full payment), BNU Online, BNU Direct (Phone Banking), BNU ATM, Jetpayment, cheque or visiting branch counter.