There is no doubt that Filipinos love to shop, be it in malls, online stores, or even on e-commerce platforms. It is a way for us to reward ourselves when we achieve something or if we want to simply show our appreciation to our family, friends, or loved ones.
Though shopping is fun and therapeutic, we can’t deny that counting your money in public while waiting in long queues can be the total opposite. The same goes for filling out forms that are overly long when paying for your online purchases. As much as possible, we want to shop in the most convenient and safest way possible.
Over the past years, the use of digital modes of payment, such as online bank transfers, e-wallets, and QR codes, when paying for shopping bills, utilities, etc., has increasingly been seen and patronized by Filipino consumers. These have also helped businesses safely keep and access accurate information and have real-time visibility of their money.
Now that Filipinos have been more invested in purchasing items they need or want due to revenge spending— shopping should be fast, safe, and easy. With the push QR Ph, the national QR Code standard launched by Bangko Sentral ng Pilipinas, Filipinos may instantly send and receive money using online banking or e-wallets by sharing or scanning their QR code.
QR Ph is considered a safe and secure payment method for shoppers and merchants. It offers layers of security that allow customers to control the process by scanning the code without the need to provide personal information such as PIN.
Through a mobile phone, Filipinos can generate their QR Ph code from their electronic account to make a payment. On the other hand, merchants can provide their store’s QR Ph code to be scanned by the customer’s mobile phone.
The use of QR Ph enables more consumers and businesses to participate in the digital payment ecosystem, starting with MSMEs and vendors such as sari-sari stores and tricycle drivers that will eventually help them improve and grow their businesses.
Home Credit is the first non-bank institution in the country to issue a credit card to its customers. Its partnership with Asia United Bank (AUB) allowed Home Credit cardholders to make cardless payments through the use of quick response or QR codes, also becoming a pioneer in the QR code payment service.
Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). To learn more about the latest updates from Home Credit Philippines, visit their official website www.homecredit.ph. You may also follow them on their official Facebook, Instagram, and TikTok accounts.
