BSP’s digital payments program gains ground

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BSP’s digital payments program gains ground
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The campaign is particularly aimed at promoting payments using non-physical money in public markets and among local tricycle operators. | RonWDomingoINQ /PDI

“Truly, the benefits of Paleng-QR Ph Plus create ripples of progress for the region and the entire economy,” Puyat said.

The BSP also has a goal of transforming half of the volume of payments in the country into digital form and to bring 70 percent of Filipino adults into the formal financial system by this year under the Digital Payments Transformation Roadmap 2020-2023. Paleng-QR Ph Plus also covers now other business establishments, merchants, business owners and transport service providers.

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