Sellers or merchants using AUB PayMate need not invest in costly point-of-sale (POS) or card terminals to accept Mastercard and Visa payments from their customers.
Asia United Bank (AUB), one of the fastest growing and publicly listed universal banks in the Philippines, recently launched another industry first: the AUB PayMateUnified Card QR link that enables its over 30,000 AUB PayMate merchants to accept Mastercard and Visa payments using only one QR codeand tap the underserved micro and small enterprises.
The bank unveiled the Unified Card QR Link as the latest feature of AUB PayMate, its all-in-one digital payment acceptance product that enables all types of merchants to accept digital payments – whether local or foreign e-wallets, bank payments, and cards – from their customers.
“We’ve had very good reception when we introduced our Mastercard Card QR Link in the market in 2021, which was the first of its kind in the country. This is the reason we immediately developed a Unified Card QR Link so ourAUB PayMate merchants can accept both Mastercard and Visa prepaid, debit and credit cardpayments from their customers,” said Mags Surtida, AUB senior vice president and Cards and Acquiring Business Group head.
She said the high cost of point-of-sale (POS) terminals has been deterring merchants from accepting these card payments. The globally accepted cards also require a high transaction volume, which most micro, small and medium enterprises (MSMEs) do not have. “With the Unified Card QR Link, merchants, big or small, need not worry if they can meet the required volume of transactions as we made the card acceptance at no additional cost to them,”she added.
