The integration enables Digido clients to use a QR Ph code for cash loan payments and quickly repay their outstanding loans by scanning or uploading a static or reusable QR Ph code through a wide range of electronic wallets or banking apps.
Manila, Philippines | July 2024 — Recognizing Filipinos’ growing need for seamless payment experiences, multi-awarded digital lending service Digido announces the integration of QR Ph — part of its bolstered partnership with online payment gateway Dragonpay.
The integration enables Digido clients to use a QR Ph code for cash loan payments and quickly repay their outstanding loans 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 all 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.
Commenting on the integration of QR Ph, Digido business development manager Rose Arreco said: “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.”
“With the integration of QR Ph, this partnership highlights Dragonpay’s 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,” Dragonpay founder and CEO Robertson Chiang added.
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.
Digido offers a First Loan For Free service, where first-time borrowers can avail up to PHP 4,000 with 0% interest and a standard Personal Loan up to PHP 25,000 for repeat clients. It can be accessed through its official site digido.ph, its apps in Google Play and the iOS App Store, and Lazada Loans. ###
