The Rebisco group’s banking arm Asia United Bank (AUB) has rolled out a new digital wallet for consumers seeking to migrate to electronic banking channels especially at this time that people’s mobility is restricted by the COVID-19 pandemic.
AUB’s new product called HelloMoney is a prepaid account or e-wallet that can be used for various financial transactions, including peer-to-peer fund transfer, fund transfer to any bank account via Instapay, paying bills, buying prepaid mobile load, and sending money via PeraPadala to any accredited cash-out partner.
HelloMoney mobile app users can also make payments using quick response (QR) codes.
Users are given the option to avail of a HelloMoney automated teller machine (ATM) card which they can link to their account enabling users to withdraw funds from over 20,000 ATMs nationwide and pay over the counter at over 200,000 Bancnet point-of-sales terminals nationwide.
“Our goal is for HelloMoney to be known as a domestic QR brand which will allow customers to make financial transactions through its scan-to-pay feature and will help boost digital transactions in the country. AUB’s HelloMoney is part of the pilot launch of the (Bangko Sentral ng Pilipinas) BSP’s person-to-person QR Ph code and will also support the standardized QR Ph code which will be launched this year,” AUB’s executive Vice President and head of operations and IT, Wilfredo Rodriguez Jr., said in a press statement on Tuesday.
The HelloMoney app is available in Google Store or Apple App Store.
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