General Santos City is embracing a new era of cashless transactions with the launch of the PalengQR initiative by Maya, the leading digital bank in the Philippines. This program, supported by the city government, the Bangko Sentral ng Pilipinas (BSP), and the Department of the Interior and Local Government (DILG), aims to revolutionize how people pay in public markets and local transportation.
PalengQR, which translates to “digital market” in Filipino, leverages the standardized QR Ph system. This means vendors can now accept digital payments seamlessly from any e-wallet provider or bank used by customers. This initiative promises a more efficient and convenient experience for both vendors and consumers.
Maya’s involvement in PalengQR reflects their commitment to building a comprehensive financial ecosystem. By promoting QR Ph adoption, they aim to reshape the financial landscape of the Philippines. This will make financial services more accessible and user-friendly for every Filipino, fostering financial inclusion across the nation.
