Camiling to start cashless payments in palengke, jeepney rides

Cashless payment in public markets and transportation – something our Asian neighbors have been doing for quite some time – is finally gaining traction here in the country.

Soon, leaving your wallet behind on the way to the market isn’t that bad. For as long as you have your smartphone with you.

Bangko Sentral ng Pilipinas gave it a big push after BSP Deputy Governor Bernadette Romulo-Puyat on Friday headed the launch of “Paleng-QR Ph Plus” at Camiling Market in Tarlac.

The provincial government recently passed a resolution encouraging its cities and municipalities to help promote cashless deals in everyday transactions from vendors to public utility transport.

“It is an honor to be with you today as we mark the milestone of making Tarlac digitalized and financially inclusive province. The people of Tarlac can now enjoy the many benefits of cashless payments,” Puyat said.

Other local government units which adopted the program are the cities of Baguio, Davao, Tagbilaran, Naga, Lapu-Lapu, Pasig, and Bacolod.

In coordination with the Department of the Interior and Local Government, the BSP promotes digital payments in accordance with the National Strategy for Financial Inclusion 2022-2028.

“Truly it is the LGU that drives the implementation of the Paleng-QR Ph Plus,” added Puyat

Landbank had earlier called for the adoption of such financial technology taking its cue from BSP.

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