The City Government of Davao has expanded the PalengQR to the Toril Public Market and in partnership with stakeholders, will roll out another onboarding for the said platform at the Agdao Public Market this month.
Davao City Economic Enterprises Officer-in-Charge Maximo Macalipes Jr., during the I-Speak media forum, bared that after the onboarding activity of the digitized financial platforms at the Bankerohan Public Market last November, the city government – in partnership with the Bangko Sentral ng Pilipinas and the Department of the Interior and Local Government – conducted an onboarding activity at the Toril Public Market.
Onboarding means the registration of merchants and stakeholders to eligible banks and electronic money issuers.
“Last month, we have that one also in Toril Public Market and for this month we are looking for another onboarding activity at the Agdao Public Market, “ Macalipes said.
Macalipes said that the main purpose of the program is to roll out digitized financial platforms for micro-entrepreneurs across the country.
Financial service providers such as the Landbank, Asia United Bank, Rizal Commercial Banking Corporation (RCBC), and electronic money issuers Gcash, PayMaya, and StarPay set up booths and accommodated merchants who are yet to open bank accounts in each onboarding activity.
“We look forward to the expansion of the program across all our public markets,” Macalipes said.
The Paleng-QR Ph program, jointly developed by the BSP and the DILG, aims to build the digital payments ecosystem in the country by promoting cashless payments in public markets and local transportation, particularly tricycles. CIO
