Digital lending service provider Digido on Tuesday announced the integration of QR Ph into its payment system under a partnership with Dragonpay.
The integration enables Digido clients to use the QR Ph code for cash loan payments and quickly pay loan obligations by scanning or uploading a static or reusable QR Ph code through a wide range of electronic wallets or banking apps. This facilitates open banking and financial inclusion, ensuring seamless and stress-free transactions within minutes.
Under BSP Circular No. 1055, the Bangko Sentral ng Pilipinas requires participating payment service providers, including banks and non-bank electronic money issuers (EMIs), to adopt QR Ph, also referred to as the National QR Code Standard.
Aside from ensuring the safety, reliability and efficiency of operations of payment systems, having a national QR standard has transformed the fragmented QR-driven payment services in the country into interoperable payment solutions.
“This initiative gives our clients much more flexibility when using their cash loans as well as facilitating positive loan repayment behavior. The growing trust and preference for digital channels, including lending, should be met with integrations like these to increase access to timely financing options,” Rose Arreco, QR Ph, Digido business development manager, said.
With the integration of QR Ph, Robertson Chiang, Dragon founder and chief executive, said the partnership highlights its commitment to expanding digital payment access, aligning seamlessly with Digido’s mission to ensure underserved Filipinos gain safe and inclusive entry into the nation’s digital financial ecosystem.
Digido clients can monitor the repayment section of the platform’s official website as well as its official Facebook and Instagram pages for step-by-step procedures on using QR Ph as a loan repayment option.
