The Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) have launched three interoperable payment services covering recurring bills, account funding, and higher-value business transfers.
QR Ph accounted for 55% of payment volume processed on PayMongo’s platform in the first half of 2026, overtaking cards and e-wallets among merchants using the fintech firm’s payment system, according to the company’s internal transaction data.
The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines that will facilitate the full transition of all quick response (QR) code-enabled payments services to the National QR Code Standard or “QR PH.”
