Thursday, May 23, 2024
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BSP, payment firms unveil EGov Pay and QR code standard

The EGov Pay and National QR Code Standard are in line with the BSP and the payments industry's goal to shift to a cash-light Philippine economy.

BSP eager to make digital payments pervasive in PH

BSP governor Benjamin Diokno said the use of QR codes is safer than bringing cash since people are less vulnerable to theft and counterfeit money.

Smart deploys Google Stations, digital markers in Intramuros, Rizal Park

Smart will be deploying strategically placed Google Stations, as well as QR-based interactive tourism markers, in Intramuros and Rizal Park.

BSP pursues adoption of national QR code standard for payments

The standard, the BSP said, is necessary for ensuring interoperability of QR-enabled payment and financial services, noting that QR technology has emerged as the most convenient and cost-efficient means of moving funds from one account to another.

Panagbenga 2019 tagged as first cashless festival in PH

Merchants in the summer capital will be equipped with the PayMaya QR-based payments in time for the Panagbenga Festival 2019.

BSP set to issue circular for adoption of national QR code

The Bangko Sentral ng Pilipinas (BSP) is currently working with stakeholders to develop a national QR code in line with its program to establish an effective electronic retail payment system.

Cashless transactions soar in PH as gov’t, fin-tech firms push e-payment

Cashless transactions or electronic payment ratio in the Philippines have reportedly improved to as much as 10 percent in the first quarter of this year compared to just 3 percent three years ago.
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