PalengQR Ph is a program aimed at enjoining establishments to use cashless payment or QR codes as additional option for payment of goods.
BSP Bank Officer IV and Regional Economic Affairs Staff, Mindanao Regional Office Zarinah S. Aligsao said under PalengQr PH, merchants are enjoined to display their QR code with the statement “We accept Gcash here.
“If you are the buyer, you will immediately see that you can pay through Gcash, she said.
During the launching on Wednesday, there will be “onboarding” or registration of merchants and stakeholders to financial service providers - banks, and electronic money issuers.
DBooths of Landbank, Asia United Bank, Rizal Commercial Banking Corporation (RCBC), and electronic money issuers Gcash, PayMaya, and StarPay will be established for those who do not have accounts yet.
“Mag-set up sila didto ug booths sa Bankerohan, kung wala kay account sa mga na-mention nako nga FSPs pwede ka didto magbuhat og account pwede ka didto maghimo og account,” she said.
Aligsao said the printing and lamination of QR codes will also be taken care of at the booths.
The onboarding will not be limited to one public market as it is eyed to be conducted in other public markets in the city.
“Davao City will be the first city in Mindanao to adopt and implement this program,” Aligsao said.
The portion of Marfori Street, from the corner of Pichon Street up to Datu Bago Street, will be closed starting midnight of November 21 until November 23 for the PalengQR- PH Program.
The road closure is backed by City Ordinance No. 091-22, Series of 2022. This is to pave way for the construction of tents and booths for the financial service providers, the Bangko Sentral ng Pilipinas, and the City Government of Davao for the PalengQR PH Launch.
Aligsao said that the program is a win-win for both merchants and consumers because with this program, merchants will no longer have a hard time producing change, and for the consumer, it will also reduce the risk of receiving torn bills. With the presence of COVID-19 in our community, the cashless payment scheme also helps reduce the risk of virus transmission, she said.
She also said that the new digital cashless payment helps in expanding potential digital paying customers.
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