Until recently, most small businesses in the Philippines only accepted cash. Today, customers can scan a Quick Response (QR) code with their phones to pay for goods and services, generating benefits for vendors and consumers alike.

Now, under the Paleng-QR Ph program, developed by the BSP and the Department of the Interior and Local Government, cashless payment is being promoted in public markets and local transport hubs.

#financialinclusion #Fintech #financialservices #digitalfinance

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