AUB launches Mastercard QR card payment solutions in the Philippines

AUB PayMate merchants can now accept Mastercard payments through QR codes.

Asia United Bank (AUB) has partnered with Wallyt, a digital banking solution provider, to launch a card payment acceptance solution for merchants via a card, QR code, or link.

Wallyt is a Hong Kong-based fintech company that provides digital payment and open banking solutions that serves more than 150 banks and financial institutions in over 60 countries and areas.

Through the strategic partnership, AUB PayMate merchants can accept Mastercard payments without incurring additional costs for the payment terminal just by enabling them with a secure card QR code or link.

With the new payment option, customers will 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 from the card issuer, to complete the transaction. Merchants can also check the payment status in 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, to digitise 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.