Maya Bank rolls out Qr-platform in CV
PAYMAYA Philippines Inc. announced it has rolled out last Tuesday its person-to-merchant payments (P2M) platform using Quick Response (QR) codes in Central Visayas, starting with Bohol province.
“Small merchants and Filipino consumers are not only enjoying a hassle-free payment experience for their everyday transactions with [the] QR [platform] but also creating a financial footprint that allows them to access more advanced banking services offered by [the company],” Paymaya Enterprise Business Unit Head Mario M. Lazaro was quoted in a statement as saying.
The subsidiary of Voyager Innovations Inc. said the Tagbilaran City Public Market was the recipient of the program in ceremonies led by the officials of the Bangko Sentral ng Pilipinas (BSP) and the local government.
According to Lazaro, the P2M platform dubbed “Paleng-qr Ph” initiative is spearheaded by the BSP and the Department of Interior and Local Government (DILG). He added it aims to “empower the City Government of Tagbilaran to help public market vendors and tricycle drivers accept cashless payments from any customer via the QR Ph, the country’s standard for QR payments.”
Since QR Ph’s launch in 2019 for person-to-person (P2P) payments and in 2021 for P2M payments, Lazaro claims his firm has spearheaded financial institutions in the rollout of the national standard. He said the firm now counts over 800,000 merchant touchpoints powered by the “Maya QR.”
“Basta QR Ph, pwede kami,” Lazaro said. [If it’s QR Ph, we’re okay.]
He said that “building ‘digi-palengkes’ nationwide” is part of the firm’s “LGUS Embracing and Accelerating Digitalization,” or “Lead,” program. Lazaro said that local government units (LGUS) encourage local merchants and constituents to digitalize their transactions with the firm’s “business-in-a-box” payment solutions and disbursement tools.
He also claims that the firm has been the “go-to partner” of Philippine businesses.
Paymaya Philippines is a subsidiary of Voyager Innovations, which is a wholly-owned subsidiary of PLDT Communications and Energy Ventures Inc. The latter is a 99.9-percent owned subsidiary of Smart Communications Inc., a wholly owned subsidiary of PLDT Inc.