Maybank Philippines Inc. (MPI) and OmniPay Inc. have forged a strategic partnership to strengthen digital payment capabilities and accelerate the adoption of cashless transactions in the Philippines.

The partnership was formalized through a memorandum of agreement signing held at the Maybank Corporate Center in Bonifacio Global City, Taguig.

A key initiative under the collaboration is the upcoming launch of QRPay, a new payment solution under Maybank Philippines' Cash Management Services Collection Suite.

Powered by OmniPay's payment infrastructure, QRPay will allow businesses to accept payments from participating banks and e-wallets through a single QRPh code, providing a more secure and convenient payment experience for merchants and customers.

The solution is designed to enhance Maybank's digital collections services by helping businesses streamline payment collections, improve operational efficiency, and offer greater convenience to customers. It also supports wider QRPh adoption and the country's transition to a more connected, cash-lite economy.

"As businesses increasingly embrace digital and cashless transactions, they need financial solutions that are seamless, secure, and integrated into their operations. Through our partnership with OmniPay, we are launching QRPay to help businesses collect payments more efficiently, expand their reach, and deliver greater convenience to their customers," said Felino James Marcelo, president and chief executive officer of Maybank Philippines.

"This collaboration brings together Maybank's strong banking network and cash management capabilities with OmniPay's fintech innovation to create solutions that support business growth in an increasingly digital economy," he added.

Marcelo said the partnership reflects Maybank's commitment to innovation, customer-centric banking, financial inclusion, and digital transformation.

"Beyond strengthening our digital collections ecosystem, this partnership supports the national push toward QRPh adoption and a cash-lite economy. More importantly, it reflects our purpose of humanizing financial services by making banking simpler, more accessible, and more relevant while empowering Filipino businesses to thrive," he said.

Representing OmniPay during the signing were Renato C. Valencia, chairman, and Anna Liza E. Alincastre, executive vice president and chief operating officer. Signing on behalf of Maybank Philippines were Marcelo and Michael Pagkalinawan, officer-in-charge for Global Banking.

Witnesses to the signing included Wilfred G. Tan, OmniPay chief technology officer, and Patrick Dennis Solosa, head of Community Financial Services at Maybank Philippines.

The partnership underscores the two companies' shared commitment to advancing digital transformation, expanding financial inclusion, and delivering innovative payment solutions for businesses and consumers. By combining Maybank's banking expertise with OmniPay's technology-driven capabilities, the companies aim to help build a more connected and digitally enabled financial ecosystem.