As the country moves to the new normal and demand for safer, contactless payment options continues to increase, Home Credit, the country’s first non-bank institution to issue a credit card to its customers, is introducing a another first: the first credit card that allows consumers to make cardless payments through the use of quick answers or QR codes.
With this new feature, home credit card holders no longer need to make physical contact and bring their cards or wallets when paying for their purchases. By updating the My Home Credit app to its latest version, cardholders will be able to scan QR codes to pay for their purchases at all AUB PayMate partner stores nationwide, providing a safer, more secure payment option. convenient and secure for those who prefer contactless transactions.
All transactions made will be automatically debited from the Home credit card. Additionally, for every QR payment, cardholders will receive 1% cashback, which can be verified by logging into the My Home Credit app.
The QR payment feature is Home Credit‘s response to the growing adoption of cashless and cardless payment options in the country caused by the COVID-19 pandemic.
“Now more than ever, safety is the number one consideration of people before doing any activity or going to any place, especially when shopping,” said David Minol, CEO of Home Credit Philippines. “With this new functionality in our credit card and mobile app, our customers can enjoy the safest form of payment, the one that involves no contact and no handling of cash, let alone the most convenient. “
By 2023, Bangko Sentral ng Pilipinas (BSP) aims to digitize all retail transactions in the Philippines by 50%. The regulator is also aiming for at least 70% of all adult Filipinos to use digital transaction accounts during this period.
“Without a doubt, digital is the new normal. This is the direction Home Credit has been heading in even before the pandemic, but during these times, it’s critical that businesses fully and quickly embrace digital and online technologies to serve their customers. And that’s exactly what we are doing, ”added Minol.
In addition to having the first credit card with QR payment function in the country, Home Credit is also set to introduce more features of its My Home Credit app, which has already been downloaded over four million times. , as well as a multitude of self-service applications. digital tools such as voice bot and chat bot.
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