DIGITAL SARI-SARI STORES. More sari-sari stores are now utilizing contactless payments like PayMaya QR to offer a safer and more convenient payment option to their customers. These sari-sari stores are also able to provide add money, cash out, bills payments, bank transfers, and telco load selling s
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Philippines based Mobile Wallet PayMaya Becomes First Fintech to Use QR Ph for Transactions
PayMaya, a mobile wallet that’s operating under the purview of
PLDT, has reportedly become the first Fintech firm to start using
QR Ph for merchants.
Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, with assistance from
BancNet and the
Introduced by the BSP on April 30, 2021,
QR Ph allows local businesses to take payments from clients of other banking institutions and financial service providers for various transactions.
Merchants across the Philippines will soon have the option to conveniently take QR payments from various other participating banks in addition to the PayMaya digital wallet.
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