Digital payments

Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan pays for his purchase at a stall in Farmer’s Plaza in Araneta, Cubao by scanning the PayMaya QR Ph of the merchant using his UnionBank app. PayMaya was the first financial technology company to adopt QR Ph P2M (person-to-merchant), the national QR standard for merchant payments fully launched by the BSP in October.