Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Philippine Digital Payments Tap National QR Code for Merchant Payments

Image Credit:

The Philippines’ digital financial services leader is speeding up the rollout of the QR Ph P2M (person-to-merchant) across its enterprise partners. The Bangko Sentral ng Pilipinas (BSP) officially adopted the national QR standard for merchant payments last month.

When the BSP initially introduced the QR Ph P2M standard in April of this year, the financial services and digital payment company was the first financial technology company to utilise it. Since then, the company has deployed the most QR Ph P2M acceptance sites across its enterprise base, totalling more than 160,000. This number includes both online and on-ground touchpoints for all types of merchants, including large companies, government agencies, MSMEs.

“We are excited to be at the forefront of the full rollout of QR Ph P2M. It’s a boost, especially for our enterprise customers, as they can start accepting payments from more consumers using just their QR Ph P2M code enabled by the company. We support the BSP in this thrust as this is a major step towards building a stronger payment ecosystem across businesses, consumers, and government,” said the President of the digital financial services leader.

Because they may take QR payments regardless of their customers’ bank or e-wallet accounts, businesses can offer consumers a more convenient digital payment alternative with the QR Ph P2M. Businesses do not require multiple QR codes on their counters to receive payments from various financial institutions. Consumers, on the other hand, may now experience more convenient and hassle-free transactions because they no longer need multiple apps to scan and pay a merchant’s QR code.

Since its pilot launch in April, the company has been providing QR Ph P2M to businesses of various sizes. The implementation of QR Ph P2M has been made easier for major enterprises equipped with the digital payment firm’s device and MSMEs using the company’s app since the digital payment company distributes software upgrades over the air. The digital payment provider is also replacing the QR codes of its partners’ physical stores with QR standees.

The QR Ph launch is part of the company’s effort to promote greater financial inclusion by allowing more Filipino companies to accept digital payments. In addition, on top of its digital wallet, the digital payment company has been providing revolutionary tools that make it easier for businesses to take any cashless payment from any Visa, Mastercard, and JCB credit, debit, and prepaid card; Banknet and QR Ph; and other e-wallets.

OpenGov Asia reported, electronic payments, which have grown in popularity since the government-imposed movement restrictions at the start of the pandemic, are expected to increase even more with the use of QR codes for payments. The Bangko Sentral ng Pilipinas (BSP) payment system is said to be using the quick response (QR) code as a catalyst to drive digital payments in the country.

An executive vice president of a commercial bank in the Philippines mentioned in a virtual briefing that the interoperability of the codes under the QR PH programme, which uses QR technology in financial transactions, provides significant potential for electronic payments.

He noted that the bank’s app-based digital prepaid bank account product will benefit greatly from the QR PH programme, particularly with the increase in merchants with whom account holders can easily transact.

“We see a lot of potential for these QR payments. We have onboarded a lot of merchants and, coupled with the QR PH interoperable QR PH QR codes, we see more digital payments,” he added. QR PH is among the programmes of the central bank eyed to increase the share of digital payments in the total financial transactions in the country.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.