Mobile wallet GCash has partnered with the Bangko Sentral ng Pilipinas (BSP), Department of the Interior and Local Government (DILG), and the local government of Tagbilaran City for the rollout of the Paleng-QR Ph program in the Bohol capital.
The Paleng-QR Ph program, jointly developed by BSP and DILG, aims to build the digital payments ecosystem in the country by promoting cashless QR payments in public markets and local transportation, particularly tricycles.
“Under this partnership, our merchants at the Dao Public Market and the rest of the micro, small, and medium enterprises (MSMEs) in Tagbilaran City are enjoined to display their GCash QR code at their stores with the statement ‘We accept GCash here,’” Martha Sazon, chief executive officer of GCash, said during the launch on January 10, 2023.
“This way, we are empowering our small vendors to adopt cashless transactions in our efforts to boost digitalization in how they do business,” she added.
Onboarding of vendors, MSMEs
With the program’s entry to Bohol, Sazon noted that they have so far onboarded a total of five public markets, 133 market vendors in Dao, and 155 TODAs to allow payment through GCash.
Currently, there are about 138 active GCash Pera Outlets where GCash users can cash in and cash out.
GCash QR codes deployed as of January 10, 2023 are all operational and widely used by locals and tourists. GCash to GCash transactions continue to remain free of charge ensuring convenience to its patrons.
By using the GCash app, merchants can easily receive and transfer money securely and conveniently with just a few taps on their smartphone, saving them time and effort. In the same way, it is also convenient for customers who use digital and cashless payment.