Digido, a leading digital lending service, announced the integration of QR Ph into its payment system through its partnership with 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 Bangko Sentral ng Pilipinas Circular No. 1055, all participating payment service providers, including banks and non-bank electronic money issuers (EMIs), are required 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,” said Digido business development manager Rose Arreco.
Dragon founder and chief executive Robertson Chiang said the partnership highlights the company’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.
