Maya, the country's only all-in -one money app, is transforming Davao City's biggest Bankerohan Public Market by launching the Paleng-QR PH initiative in Mindanao today.
Spearheading the "digi -palengke" program is Davao City Government with the support of the Bangko Sentral ng Pilipinas and the Department of the Interior and Local Government. Also supporting the launch are PLDT and Smart Communications.
BSP Governor Felipe Medalla and Davao City Mayor Sebastian Duterte led the ceremonies held at the city's Bankerohan Public Market.
"By promoting the interoperable QR PH national standard codes, Paleng-QR PH creates a simple but more powerful digital finance experience at the local community level. At Maya, we fully support Davao City's vision to build a stronger digital ecosystem," said Orlando Vea, Maya CEO and Founder and Maya Bank Co-Founder.
"Basta QR PH, pwede kami sa Maya," Vea added.
The Paleng-QR Ph program aims to digitalize transactions starting with public markets and local transportation. The program enables vendors and tricycle drivers to accept digital payments from customers regardless of their e-wallet or bank accounts via QR Ph, the national standard for QR payment. Maya's QR codes are QR Ph-compliant, and its app can scan any QR Ph-powered transaction.
Creating digi-palengkes is part of Maya's own LGUs Embracing and Accelerating Digitalization. Through this program, Maya equips local governments like Davao City with business-in-a -box payment acceptance solutions and disbursement tools to enable faster public service delivery.
Maya is the first digital financial services platform to adopt QR Ph. More than 52 million users can enjoy a seamless experience using Maya's consumer platforms that can send and accept P2P payments from other QR Ph-participating financial institutions.
