The BSP, DILG, and GCash enabled cashless transactions in Bacolod City with the Paleng-QR Ph Plus launch held at the Libertad South Public Market. This marks a milestone in the quest to make the City of Smiles a smart and powerful city that is ready for the future. Read more.
Paleng-QR Ph Plus Launched at the Libertad Market in Bacolod
As part of their collective campaign to promote digital transactions the Philippines, the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) have rolled out the Paleng-QR Ph Plus initiative in Bacolod City. This is in cooperation with GCash, the country’s leading mobile wallet.
Under Paleng-QR Ph plus, market vendors and tricycle drivers can now easily transact with their customers and passengers with QR-based cashless payments powered by GCash. Currently, there are 102 market stalls at the Libertad South Public Market and 1,385 market stalls at the Bacolod Public Market that can accept QR payments through GCash. In total, there are now 1,889 public market stalls in Bacolod City that can accept QR payments for safe and convenient cashless transactions.
Pera Outlet Partners
In addition, GCash has onboarded 1772 vendors in the city as Pera Outlet (PO) partners. This feature on the app allows small merchants to earn extra income and grow their businesses by offering customers in the community convenient access to various GCash services. These include Cash-in, Cash-out, Pay Bills, and Send Money.
To further promote the use of cashless transactions, GCash has also set up GTreats booths at the public markets to reward users when they pay using GCash.
“GCash has been a staunch ally of government’s thrust to build an inclusive digital economy. We believe that the Paleng-QR Ph initiative can help accelerate the country’s digital transformation while ensuring nobody gets left behind,” said Ren-Ren Reyes, Chief Commercial Officer of GCash.
“We are grateful and proud to join with the BSP, DILG, and GCash in the rollout of Paleng-QR Ph Plus in Bacolod, which pushes the adoption of QR payments for local businesses and transportation. We are one with the nation’s goal to help more Filipinos thrive in this digital era,” Bacolod City Mayor Alfredo B. Benitez said.
Financial Inclusion Advocacy
Powered by its shared vision of “Finance for All”, GCash, BSP, and DILG have already on-boarded more vendors and tricycle drivers for the Paleng-QR PH plus initiative in various public markets around the country. More recently, Paleng-QR Ph Plus was launched in the Pasig City Mega Market, Baguio City Public Market, Bangkerohan Public Market in Davao City, Dao Public Market in Tagbilaran City, Tricycle Operators and Drivers Association (AMTODA), and Lapu-Lapu Public Market. Vendors in these areas now accept GCash cashless payments using QR codes.
With its strategic partnership with the government, GCash continues to empower Filipinos nationwide and make their everyday lives better.
The GCash app is available for free on Google Play or the App Store. For more information, visit https://www.gcash.com.