RCBC Enables MSMEs to Accept Digital Payments Through Its QRph codeby Fintech Philippines December 6, 2022
Rizal Commercial Banking Corporation (RCBC) has rolled out its NegosyanTech digital payments service to enable micro, small and medium enterprises (MSMEs) to accept any payments from banks and e-wallets through its interoperable QRph code.
The “RCBC NegosyanTech Lahat Pwede QRph” was launched in partnership with the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG).
The initiative aims to further promote financial inclusion in regional communities through interoperable digital payments from the grassroots such as public markets, sari-sari-stores, and local transportation hubs.
Through the interoperable QRph, market vendors, tricycle drivers, and small business owners can now accept cashless payments via scanning their RCBC NegosyanTech Lahat Pwede QRph codes from any QRph-enabled banks and e-wallets.
This initiative is complements RCBC’s DiskarTech app which offers features such as bill payments, mobile reloads, and fund transfers.
“Promoting financial inclusion is part of our mission to create more innovations for those who normally don’t have access to banks.
Inclusion means realising the dreams of every Filipino by bringing finance services closer in every barangay,”
said Lito Villanueva, Executive Vice President and Chief Innovation and Inclusion Officer at RCBC.