AUB’s HelloMoney e-wallet now accepted in Singapore, growing global acceptance to 5 markets
Asia United Bank (AUB)
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Partnership with Alipay+ enables HelloMoney to be used for cross-border transactions in top travel destinations
After becoming the first Philippine bank with an e-wallet that can be used for cross-border mobile payments, Asia United Bank (AUB) is training its sights on expanding its HelloMoney to more major global destinations.
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Through its partnership with Alipay+, the cross-border mobile payment and digitalization solutions operated by Ant International, AUB has recently brought HelloMoney to Singapore where an estimated 200,000?Filipinos live and work, 84% of whom are overseas workers. Singapore also attracted around 700,000 Filipino tourists in 2023.This makes the city-state the fifth market where HelloMoney users can make e-wallet payments, in addition to Japan, South Korea, Malaysia, and Hong Kong SAR.
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HelloMoney users can simply? pay via QR code in all merchants that carry the Alipay+ logo. In Singapore, HelloMoney users can scan the Singapore Quick Response Code (SGQR), the country’s as well as the world’s first unified payment QR code, which is accepted even at small local merchants such as hawker food stalls.
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AUB and Alipay+ also plan to expand its HelloMoney coverage to more destinations, enabling greater convenience for Filipino travelers.
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“The more we bring HelloMoney closer to more users, the more we can makemobile banking easier and help more merchants grow their business globally,” said Wilfredo Rodriguez Jr., AUB executive vice president and head of Operations & Information Technology. “With Alipay+’s global presence through its integration with local merchants worldwide, our HelloMoney users will have a wider reach in payment acceptance while ensuring a safe and secure digital transaction.”
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Five years after AUB launched HelloMoney, ahead of the COVID-19 pandemic, the number of approved registrations has grown to more than two million as of the first half of 2024. Aside from enabling users to open an account without going to a physical branch and perform bank-to-bank fund transfers, HelloMoney can also be used to buy prepaid load, remit money through Pera Padala, pay via QR code, settle bills, withdraw via ATM, and shop online using the HelloMoney’s very own virtual Mastercard. The e-wallet also enables members of state-owned pension fund Pag-IBIG Fund to manage their account and perform banking transactions through the Pag-IBIG Loyalty Card Plus.
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