OwnBank, the newest mobile banking app in the country, has teamed up with Mastercard to expand digital payment options, enabling customers to access a wider array of digital financing solutions with Mastercard’s technology for secure, efficient, and convenient online transactions.
Through Mastercard, OwnBank users can now conveniently transact with numerous international merchants and ATMs, thereby increasing flexibility and convenience.
OwnBank’s existing services will be integrated with Mastercard’s digital solutions, offering customers a comprehensive suite of financial services for managing transactions, transferring funds, and growing savings, all within a unified and streamlined banking environment.
OwnBank, in partnership with Mastercard, is set to launch this year a virtual and physical debit card in Q1 and Q2, respectively.
All OwnBank users will receive a virtual debit card. Users who have fully upgraded their OwnBank accounts and meet certain criteria are eligible for a free physical debit card, which will be conveniently delivered to their doorstep.
The features of the OwnBank debit card include:
- Contactless payment and enhanced security: The card features convenient contactless payment options and enhanced security with advanced EMV technology.
- Security features: Users can freeze their card, set transaction limits, and reset their card PIN directly through the OwnBank app.
- Unified card and account number: The OwnBank Debit Card uniquely combines the user’s card number and bank account number, simplifying financial management and transactions.
- Personalized payment experience: OwnBank allows users to personalize their payment experience with editable payment settings and card number customization.
OwnBank, launched in the Philippines in October 2023, is regulated by the Bangko Sentral ng Pilipinas and insured by the Philippine Deposit Insurance Corporation. The app is available to download on the App Store, Google Play Store, and Huawei AppGallery.
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