What is Cash Plus Redemption for Payment?

Cash Plus is a brand name for money market funds. The money market funds under the Cash Plus brand primarily invest in high-security monetary instruments such as short-term government bonds and bank certificates of deposit, and are suitable for conservative and above investors.
Cash Plus Redemption for Payment means that when you use your bank card for consumption, the bank automatically redeems the money market fund on your behalf to cover the transaction payment.
You can enjoy the high yields of Cash Plus without affecting your daily consumption expenses.