DILG, GCash enable cashless transactions in Bacolod City with Paleng-QR Ph Plus launch
As part of their collective campaign to promote digital transactions the Philippines, the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) have rolled out the Paleng-QR Ph Plus initiative in Bacolod City in cooperation with GCash, the country’s leading mobile wallet.
Under Paleng-QR Ph plus, vendors, and tricycle drivers can now easily transact with their customers and passengers with QR-based cashless payments powered by GCash. Currently, there are 102 market stalls in Libertad South Public Market and 1,385 market stalls in Bacolod Public Market that can accept QR payments through GCash. In total, there are 1,889 public market stalls in the city that now accept QR payments for safe and convenient cashless transactions.
In addition, GCash has onboarded 1772 vendors in the city as Pera Outlet (PO) partners. This feature on the app allows small merchants to earn extra income and grow their businesses by offering customers in the community convenient access to various GCash services such as Cash-in, Cash-out, Pay Bills, and Send Money. To further promote the use of cashless transactions, GCash has also set up GTreats booths at the public markets to reward users when they pay using GCash.
“GCash has been a staunch ally of government’s thrust to build an inclusive digital economy. We believe that the Paleng-QR Ph initiative can help accelerate the country’s digital transformation while ensuring nobody gets left behind,” said Ren-Ren Reyes, chief commercial officer of GCash.
“We are grateful and proud to join with the BSP, DILG, and GCash in the rollout of Paleng-QR Ph Plus in Bacolod, which pushes the adoption of QR payments for local businesses and transportation. We are one with the nation’s goal to help more Filipinos thrive in this digital era,” Bacolod City mayor Alfredo B. Benitez said.
Powered by its shared vision of “Finance for All”, GCash, BSP, and DILG have already on-boarded more vendors and tricycle drivers for the Paleng-QR PH plus initiative in various public markets more recently in Pasig City Mega Market as well as Baguio City Public Market, Bangkerohan Public Market in Davao City, Dao Public Market in Tagbilaran City, Tricycle Operators and Drivers Association (AMTODA), and Lapu-Lapu Public Market, all of which now accept GCash cashless payments using QR codes.
With its strategic partnership with the government, GCash continues to empower Filipinos nationwide and make their everyday lives better.
The GCash app is available for free on Google Play or the App Store. For more information, visit https://www.gcash.com.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
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