Starpay recently took part in the exciting Paleng-QR Ph Plus program in Iloilo City.
Paleng-QR Ph Plus program was jointly developed by the Bangko Sentra ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) to bolster the country’s digital payments ecosystem. Market vendors, community shopkeepers, and tricycle operators and drivers (TODA) in cities and municipalities are encouraged to utilize cashless payments by simply scanning the Paleng-QR Ph Plus code using an e-wallet system like Starpay.
An e-money issuer and an operator of payment systems licensed by BSP, Starpay offers digital payment solutions and money movement capabilities with e-wallets, disbursements, and collections services.
“We support the efforts of the BSP to boost the digital financial system. At Starpay, we want to enable the unbanked and underbanked–marginalized Filipinos–to participate in the financial ecosystem, and to benefit from the digital economy through inclusive innovation,” explained Ryan Uy, Starpay Head of Growth and Marketing.
With Paleng-QR Ph Plus, users can enjoy sanitary and convenient cashless payments, reduction of counterfeit bills and less cost for transportation. It also enables vendors and suppliers to develop a significant financial footprint which is beneficial when they apply for credit.
During the event, a total of 1625 vendors at the terminal market and 1,870 tricycle drivers were successfully onboarded to the Paleng-QR Ph Plus program. Buyers and commuters can now pay for their purchases and their tricycle fare using Starpay.
In his message, Iloilo City Mayor Jerry Treñas said that the business in the city is made easy with the innovation. “Let us try to use this digital payment because this is for us,” he said.
Liked this post? Follow SwirlingOverCoffee on Facebook, YouTube, and Instagram.
