Asia United Bank has partnered with Wallyt to launch a card payment acceptance solution for merchants via a card QR code or link.
Through the strategic partnership, AUB PayMate merchants can accept Mastercard payments without incurring additional cost for the payment terminal just by enabling them with a secure card QR code or link.
With the new payment option for AUB PayMate merchants, customers only need to use a smartphone camera to scan the card QR code displayed at the AUB PayMate merchants’ stores. The customer will be directed to a secure AUB PayMate checkout page, encode card details and the one-time password (OTP) from the card issuer, to complete the transaction. Merchants can also check the payment status real-time using the AUB PayMate app or portal.
The digital payment service is part of AUB’s efforts to help more merchants, especially micro, small and medium enterprises (MSMEs), to digitize via new innovations such as Mastercard payment acceptance and upcoming integration of more local and international digital payment methods.
“AUB PayMate merchants have been trained to accept QR payments since we started in 2017 as an e-wallet/QR payments acquirer. We want them to have the same digital payment acceptance journey by providing them with a card QR code to accept Mastercard payments,” said Mags Surtida, AUB First Vice President and Cards & Acquiring Business Group Head.
“Our partnership with AUB all these years marks an important milestone and long-term cooperation as we have launched numerous digital payment services in the Philippines. As digital banking continues to drive innovation, Wallyt is committed to working with our banking clients by providing a best-in-class digital payment experience,” said Tong Liu, Wallyt CEO.
“Together with Wallyt and driven by AUB’s passion and strategy for banking innovation, we will be able to drive more relevant digital experiences to our bank customers,” added Ms. Surtida.
