As part of Baiduri Bank’s efforts to support the nationwide digitalisation of payments, the bank has partnered with global payment brand UnionPay to launch Baiduri Qpay.
Baiduri Qpay is embedded in the bank’s award-winning Baiduri b.Digital Personal mobile banking app and allows customers to make payments by simply scanning a UnionPay Quick Response (QR) Code via their smartphones.
Baiduri Qpay works with the UnionPay QR code that is based on the global EMVCo standards and offers many benefits. It offers a quick and secure contactless payment method for consumers, while also offering a payment method that is easier to use and set up for merchants.
Baiduri Qpay can be used at over 40 million merchants worldwide, including Singapore, Thailand, Malaysia and Indonesia, or anywhere in 45 markets that accepts UnionPay QR code for payments.
This initiatives also support the strategies under Brunei Vision 2035 in promoting the growth of entrepreneurship and goal to become a smart nation.
Baiduri Qpay is not the bank’s first foray into a partnership with UnionPay International (UPI). Earlier in May 2021, it announced the launch of DSTPay – Baiduri Bank and UPI’s first QR code payment solution in the Sultanate that features a tripartite collaboration of a bank, a telecommunications service provider and an international payment network.
Baiduri Bank Head of Retail Banking Lim Kian Chiong said that Baiduri Qpay is part of the bank’s efforts to tap into its international network of partners to actively support the Digital Payment Roadmap initiated by the Brunei Darussalam Central Bank (BDCB) under one of its strategic initiatives to drive digital transformation for consumers and businesses.
He said Baiduri Qpay is aimed at providing greater convenience for customers and is an alternative to the more traditional credit and debit cards.
He added, “By now, most people are more used to scanning QR Codes and this will definitely help drive the adoption of QR payments.”
He said, “Our collaboration with UnionPay to launch our very own first digital wallet has moved us one step closer to becoming a cashless society, and we hope that through more partnerships like this, we can continue to foster the digital transformation of payment options in Brunei.”
Meanwhile, UnionPay International South East Asia Assistant General Manager David Chong said they are pleased to launch a second mobile wallet in Brunei with Baiduri Bank and play a part in supporting BDCB’s Digital Payment Roadmap.
He added, “The timing of this wallet couldn’t be better – just when countries in many parts of the world are opening up and lifting border restrictions.
“As more Bruneians resume international travels, we hope they will actively use the Baiduri Qpay to scan UnionPay QR codes at their travel destinations to enjoy a convenient mobile payment experience.”