As the country transitions to the new normal and demand for more secure contactless payment options continues to grow, Home Credit, the country’s first non-banking institution to issue a credit card to its customers, is launching another first: the Philippines. first credit card that allows consumers to make cardless payments through the use of quick responses or QR codes.
With this new feature, Home Credit Cardholders no longer need to make physical contact and bring their cards or wallets when paying for purchases. By updating the My Home Credit app to its latest version, cardholders will be able to scan QR codes to pay for purchases at any AUB PayMate partner store nationwide, providing a more secure payment option. , more convenient and secure for those who prefer contactless transactions. .
All transactions made will be automatically debited from the Home credit card. Additionally, for each QR payment, cardholders will earn 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 people’s number one consideration before doing any activity or going anywhere, especially when shopping,” remarked David Minol, CEO of Home Credit Philippines. “With this new feature in our credit card and mobile app, our customers can enjoy the most secure form of payment, one that involves no contact and no handling of cash, not to mention the most convenient.”
By 2023, the Bangko Sentral ng Pilipinas (BSP) aims to make all retail transactions in the Philippines 50% digital. The regulator also aims 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 was heading in even before the pandemic, but during these times it is critical that businesses fully and quickly embrace digital and online technologies to serve their customers. And that’s exactly what we’re doing,” added Minol.
Besides 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 host of digital self-service tools such as voice bot and chat bot.