#cashless payments

The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines. The launch adds another cashless payment option for commuters and supports the government's push for more convenient and digital public transport services. In a recent advisory, LandBank said it will also remove fees for retail payments and person-to-government transactions made through QRPh. The company said QR Ph and e-wallets combined represented 76% of total payment volume and 9 in 10 transactions on its platform, pointing to continued growth in mobile-first digital payments among Philippine businesses. According to the company, card payments still accounted for a significant portion of higher-value transactions despite their lower transaction share. PayMongo said one factor behind QR Ph's growth is interoperability, as a single QR code can accept payments from participating banks and e-wallets. Beyond online transactions, PayMongo also saw growth in in-store QR Ph payments. PayMongo said its Shopify merchant base grew 18% year-on-year, while businesses using its no-code PayMongo Pages tool collected nearly PHP 1 billion in payments during the period. Read more in our articles including "RCBC, Visa launch tap-to-pay at LRT-2 stations" and "LandBank to remove InstaPay and PESONet transfer fees starting July 7".