Maya, the country’s all-in-one digital banking and money app, is making cashless transactions a lot easier in public markets nationwide with its Paleng-QR initiative in Central Visayas, starting with Bohol Province.
The Tagbilaran City Public Market was transformed into a digi-palengke in a ceremony led by BSP Deputy Governor Bernadette Romulo-Puyat and Tagbilaran City Mayor Jane Yap.
The Paleng-QR initiative is spearheaded by the BSP and the Department of Interior and Local Government, and aims to empower City Governments like Tagbilaran’s to help public market vendors and tricycle drivers accept cashless payments from any customer via QR Ph, the country’s standard for QR payments.
“Small merchants and Filipino consumers are not only enjoying a hassle-free payment experience for their everyday transactions with Maya QR but also creating a financial footprint that allows them to access more advanced banking services offered by Maya.”
– Mar Lazaro, Maya’s Head of Enterprise Business
Since QR Ph’s launch in 2019 for Person-to-Person (P2P) payments and in 2021 for person-to-merchant (P2M) payments, Maya has led the charge among financial institutions in the rollout of the QR Ph national standard and now counts over 800,000 merchant touchpoints powered by QR Ph-capable Maya QR.
Maya and Digi-Palengke
Building ‘digi-palengkes’ nationwide is part of Maya’s own LGUs Embracing and Accelerating Digitalization (L.E.A.D) program, in which LGUs encourage local merchants and constituents to digitalize the transactions with Maya’s business-in-a-box payment solutions and disbursement tools.
On top of digitalizing public markets, Maya has also become the growth partner of choice for Philippine businesses. These enterprises include pharmacies, transportation, travel, retail stores, public utilities, food, hospitals, service providers, and schools.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.
