QR Payments Made Easy with AUB PayMate

Thursday, November 25, 2021

     The pandemic has taught us a lot of especially on how we manage our finances and one of the new normal in terms of paying for our purchases is the use of digital payment. Many individuals prefer contactless payment these days to reduce the risk of Covid-19 transmission. Most of the banks have upgraded their systems and are encouraging everyone to use cashless payments for both customers and business owners. I'm glad to share with you that Asia United Bank (AUB) is making our life easier and convenient as they officially launch the AUB PayMate platform and their digital offerings. 

     Sellers or merchants using AUB PayMate need not invest in costly point-of-sale or card terminals to accept Mastercard payments from their customers. Asia United Bank (AUB), one of the fastest-growing and publicly listed universal banks in the Philippines, has enabled its AUB Paymate merchants to accept Mastercard payments using a QR Code. I'm a long-time user of AUB credit and I never encountered any hassles with their services from day one. So without further ado, get to know more about AUB PayMate and why choose this platform for your growing business.

QR Payments Made Easy with AUB PayMate 
     I was invited to the “Tap & Click with AUB” virtual briefing last Oct. 20 where AUB First Vice President and Cards & Acquiring Business Group Head Mags Surtida unveiled the latest feature of AUB PayMate, the bank’s 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.

How AUB PayMate Works:

1. Open your smartphone camera and scan the Card QR code displayed on the AUB PayMate merchants’ stores.
2. You will be directed to a secure AUB PayMate checkout site and receive an OTP to complete and secure the transaction. 
3. Merchants can then view the payment status in real-time using the AUB PayMate app or portal.

AUB PayMate merchants have been trained to accept QR payments since we started in 2017 as a e-wallet/QR payments acquirer. We want them to have the same digital payment acceptance journey by providing them a Card QR code to accept Mastercard payments,” Ms. Surtida said. “We want to provide a solution by innovating on the card acceptance process.”
     The micro, small and medium enterprises (MSMEs) will surely benefit from the expanded digital capability and manage their payment options without the costly card terminals. According to Ms. Surtida, there are a lot of merchants that are not able to accept Mastercard payments because of the high cost of card terminals. In addition, merchants are usually required to meet a certain monthly transaction volume processed on the card terminal. If they don’t meet this quota, merchants can either lease or lease to own the terminal and this is the reason why a lot of MSME merchants only accept cash payments.

Why Choose AUB PayMate?
  • This payment platform has been launched by AUB to build connections with  Chinese tourists knowing that Alipay/WeChat Pay payment services, both familiar and native to them are accepted in your store.
  • Generates more business. Leverage from the P72Billion spending of 1Million Chinese tourists visiting the Philippines
  • Connects to more buyers as you can target mainland Chinese residents if you have an e-commerce business.
  • Real-time currency conversion. The AUB PayMate app provides automatic currency conversion for convenient transactions between your cashiers and Chinese tourist customers.
  • Levels playing field. If you are a small business (for now), you can accept Alipay/WeChat Pay like the large businesses with just a smartphone and an internet connection.
  • Value-add services. AUB is excited to partner with you for more business generating activities.
  • Our Track record. Thousands of merchant outlets use our payment facility.
  • 24x7 Customer Service.

     During the virtual briefing, AUB also demonstrated the wide acceptance of its other digital platforms, including the early adoption of the national QR PH code for convenient fund transfers and payments via QR across banks using the AUB mobile app, HelloMoney e-wallet, and AUB PayMate. 

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