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BSP introduces Paleng-QR to Benguet farmers

(FIle PNA photo) BAGUIO CITY - The Bangko Sentral ng Pilipinas (BSP) on Thursday said it is exerting efforts to give farmers in Benguet easier and safer access to digital financial services through its "Paleng-QR" program. Noel Neil Malimban, BSP north Luzon regional director, said in an interview they are in constant communication with the Department of Agriculture-Cordillera Administrative Region to get both supplier-farmers and traders on board the "Paleng-QR" (a play on the words "palengke" or market and "quick response" or QR code). It aims to establish a seamless ecosystem on the use of digital payment from vendors or traders to the suppliers or farmers. Through the Paleng-QR program, the BSP also aims to teach farmers how to use digital platforms in a safe way to avoid scams, and to maximize the advantages of digital payments. "We have a program to get the farmers together, teach them, educate them on the complexities of the payment p

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