Mastercard and The SM Store Promote Safer and Faster Payments

Beginning today until September 30, 2019, Mastercard, in partnership with The SM Store, will run a promotion to encourage shoppers to make payments using their contactless-enabled Mastercard credit cards. The contactless cards can be identified through a symbol on the card face that is similar to the Wi-Fi symbol, albeit turned sideways. Shoppers using the contactless Mastercard credit cards stand a chance to win PhP 1,000-worth of gift cards when they make a one-time purchase worth PhP 3,000.00 or an installment purchase with a total value of PhP 5,000.00. Though still in its infancy in the Philippines, contactless payments are already widely used in other countries such as Singapore, Australia, and England. Payments via contactless cards are fulfilled by simply tapping the card on a point-of-sale (POS) terminal. For low value transactions, no PIN or signature is required; cardholders can simply Tap & Go TM . Faster checkout lines are now made possible even during The...