#digital payments

Pasig Mega Market now has satellite-powered internet to support cashless payments under the Paleng-QR Ph Plus program of the Bangko Sentral ng Pilipinas and the Department of Information and Communications Technology. The new service aims to improve digital transactions for vendors, customers, and nearby businesses in the market. It is designed to make QR-based payments more stable and easier to use, especially in busy market areas where connection issues often happen. The rollout is part of the Paleng-QR Ph Plus program, a joint effort of BSP and DICT to promote the use of QR Ph, the country’s standard system for cashless payments. The initiative supports the government’s goal of expanding digital financial services and building a more cash-lite economy in public markets and small businesses. According to the BSP, the decision follows the implementation of zero fees for small merchant payments and the establishment of a pricing framework for person-to-person electronic fund transfers. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate. The BSP said the new framework supports its broader goal of promoting digital payments, financial inclusion, and innovation while ensuring adequate consumer protection and regulatory oversight. Read more in our articles including "Pasig Mega Market gets Starlink internet for cashless payments" and "Banks, e-wallets face new BSP rules on digital payment fees".