Philippines-based first non-bank institution Home Credit has introduced a new credit card which allows customers to make payments using QR codes.
The new card launch is in response to the ongoing Covid-19 pandemic. Home Credit’s cardholders can now make purchases without having to bring their cards or wallets.
Go deeper with GlobalData
Once cardholders update their My Home Credit app to latest version, they can make payments by scanning the QR codes at participating merchants.
Through this new feature, the cardholders can pay for their purchases at AUB PayMate partner stores nationwide.
Once they make payments by scanning a QR code, their Home Credit Card will be automatically charged.
Additionally, cardholders can earn 1% cashback for each such purchase.
Home Credit Philippines CEO David Minol said: “Now, more than ever, safety is the number one consideration of people before doing any activity or going to any place, especially when shopping.
“With this new feature in our credit card and mobile app, our customers can enjoy the safest form of payments—one that involves zero contact and handling of cash—not to mention the most convenient.
“This is the direction that Home Credit has already been heading towards even prior to the pandemic, but during these times it is vital that companies fully and quickly embrace digital and online technologies to serve their customers.”
In addition to the first credit card in the country with QR code-based payments feature, Home Credit is also planning to roll out additional features to its app.
The My Home Credit app comprises of a host of self-service digital tools such as the voice and chatbots.
