Robinsons Bank is among the first seven financial institutions that have implemented QR PH, an interoperable QR code for merchants, as mandated by the Bangko Sentral ng Pilipinas (BSP).
This means that RBank merchants with the RBank QRPH code can now accept QR code payments made from other banks and e-wallets; and RBank account holders can take advantage of the contactless payment solution by scanning and paying to any participating store with an interoperable QR code.
“We are excited to be one of the first to adopt the QRPH standard. This allows our Merchants wider reach and offers our clients quick and hassle-free payment options. Expect to see more merchants displaying the RBank QuickR payment QR code, especially within Robinsons Malls. Customers can begin to enjoy the safety, security and convenience of paying via QR soon,” Mr. Albert Raymund Tinio, SVP and Merchant & Acquiring Head stated.
The roll out of the interoperable QR code for merchants is part of BSP’s initiative, the Person to Merchant (P2M) QR Payments, which was virtually launched last April 30.
According to BSP, the initiative aims to make digital payments more accessible for micro, small, and medium enterprises (MSMEs), giving them the opportunity to make use of a safer, easier, and more affordable digital payment solution.
Early this year, Robinsons Bank also implemented the use of an interoperable QR for person-to-person transactions, allowing RBank customers to send and receive funds from other banks.
As times continue to change, Robinsons Bank strives to fulfill the needs of its customers by empowering them with seamless solutions that will help them grow their business.
Do you want to become an RBank Merchant? Visit http://bit.ly/RBankBizMerchant to know more.
