Published May 10, 2021, 5:00 AM
AllBank, a growing thrift bank with 17 branches, is joining the move to a cash-light environment through the use of QR or quick response code to electronically transfer money between individuals and merchants.
“The rapid shift to digital payments due to the pandemic provided the momentum for AllBank to modernize its payment mechanisms,” the bank said.
It added that, “The digital payment system has a huge potential and is seen to greatly benefit merchants, such as AllDay Supermarket.”
Photo credit: https://www.allbank.ph
“This COVID-19 pandemic has caught all of us by surprise and very much accelerated the pace of digital transformation in our country,” AllDay Director Manuel Paolo Villar said in his message during the launch of the national QR code, led by the Bangko Sentral ng Pilipinas(BSP), Philippine Payments Management, Inc. (PPMI) and Bancnet last week.