Mobile banking app OwnBank teams up with Mastercard to offer enhanced banking convenience, more rewarding card offers, and secure digital transactions.
OwnBank and Mastercard’s partnership offers Filipinos a seamless banking experience by combining OwnBank’s commitment to financial inclusion with Mastercard’s global payment expertise. This collaboration provides expanded digital payment options, global transaction acceptance, enhanced security measures, and integrated app features.
The two companies will also start offering a virtual and physical debit card that offers users enhanced flexibility and security features. These include free virtual debit cards for all users, contactless payment options, advanced security with EMV technology, and personalized payment experiences.
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This collaboration expands 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.
The OwnBank Debit Card uniquely combines the user’s card number and bank account number, simplifying financial management and transactions. Upcoming features and promotions include the launch of the OwnBank Virtual Debit Card in Q1 2024 and the Physical Debit Card in Q2 2024, along with exclusive deals and offers.
OwnBank, introduced in October 2023, is BSP-regulated and PDIC-insured, offering Filipinos a comprehensive and rewarding mobile banking service.