As the country transitions to the new normal and the demand for safer, contactless payment

options continue to rise, Home Credit—the first non-bank institution in the country to issue a

credit card to its customers—is introducing another first: the Philippines’ first credit card that

allows consumers to make cardless payments through the use of quick response or QR codes.

With this new feature, Home Credit Card cardholders 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 in any AUB PayMate partner stores nationwide—providing a safer, more convenient,

and secure payment option for those who prefer contactless transactions.

All transactions made will be automatically charged to the Home Credit Card. In addition, for

every QR payment, cardholders will earn 1% cashback, which can be checked by logging into

the My Home Credit App.

The QR payment feature is Home Credit’s response to the increasing adoption of cashless and

cardless payment options in the country brought about 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,” remarked David Minol, CEO of Home

Credit Philippines. “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.”

By 2023, the Bangko Sentral ng Pilipinas (BSP) targets to shift all retail transactions in the

Philippines to digital by 50 percent. The regulator is also aiming for at least 70 percent of all

adult Filipinos to be using digital transaction accounts within this period.

“Without a doubt, digital is the new normal. 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.

And that is exactly what we are doing,” Minol added.

Aside from having the first credit card with QR payment feature 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 self-service digital tools such as voice

bot and chat bot.