Over the years, the use of digital modes of payment, such as online bank transfers, e-wallets, and QR codes, when paying for shopping bills, utilities, has increasingly been patronized by Filipino consumers. These have also helped businesses safely keep information, 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 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 supports QR Ph

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. With QR Ph person-to-merchant (P2M) payments availability, its account holders have access to 473,000 participating merchants nationwide, including retail stores, groceries, gas stations, pharmacies, and more.

Through the My Home Credit app, account holders will only need to scan the displayed QR Ph codes to pay for their purchases in all partner stores led by GCash and Maya, paving the way for a cashless and convenient payment option for transactions. In the My Home Credit app alone, all transactions will be automatically charged to the Home Credit Card or Qwarta, which can also be checked and tracked through the mobile app.

More than nine million My Home Credit app users can scan the QR Ph codes displayed in any merchant establishments using their mobile devices for goods and services, making it a faster, easier, and safer payment option.

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).