The Bangko Sentral ng Pilipinas (BSP) brings its “Paleng-QR Ph Plus” program to Tagbilaran City in Bohol as part of expanding digital payments in the Philippines. Launched on Jan. 10, Paleng-QR Ph Plus aims to promote digital payments in public markets, tricycle hubs, and other establishments.
“Going digital is no longer optional. It is the only way forward and we want Tagbilaran to be in the front and center of this digital revolution,” said Tagbilaran Mayor Jane Yap.
The city launched the program in its central public market and is the first LGU in the Visayas to introduce Paleng-QR Ph Plus. The cities of Baguio and Davao previously launched the program in August and December 2022, respectively.
A joint project of the BSP and the Department of the Interior and Local Government (DILG), Paleng-QR Ph Plus promotes QR technology as a convenient, safe, and efficient payment solution. It now covers business establishments, merchants, business owners, and transport providers.
BSP Deputy Governor Bernadette Romulo-Puyat of the Regional Operations and Advocacy Sector said that through the Paleng-QR Ph Plus, more Filipinos will reap the benefits of having a transaction account and shifting to digital payments.
“This will support the growth of small businesses and improve the quality of life of Filipino families,” she said.