Financial technology startup Traxion Tech has succesfully developed a cardless teller machine for its network solutions arm CoopNET which can be accessed completely using a smartphone and system-generated QR codes to provide more options to underserved cooperatives and financial institutions in far-flung areas in the Philippines.
To receive payments, merchants only need to print QR codes to obtain payments by asking their customers to scan the code without necessarily getting connected to the Internet.
The BSP and several payments industry players also launched a program called QR PH, which is eyed not only to increase e-payments, but also to secure payment transactions.
Araneta City Bus Port, the first integrated bus terminal in the Philippines, has started to implement a QR- and card-based ticketing payment system powered by digital payments firm PayMaya.
The markers are equipped with quick response (QR) codes and near field communication (NFC) chips. When scanned through a mobile app, the QR and NFC devices will activate a browser window that will provide detailed information about the site on the user?s smartphone.
The project will enable residents to pay various barangay fees (barangay clearance, barangay ID, local certificates and permits) electronically when they scan to pay at QR codes using the GCash app.