The Bangko Sentral ng Pilipinas has approved adopting the quick response code on a national scale. The Bangko Sentra ng Pilipinas (BSP), the central bank of the Philippines, recently announced that the monetary board approved adopting a National QR Code Standard for payments. The nationwide adoption of the quick response code is to ensure interoperability of QR-enabled financial and payment services. The BSP sees the value in QR codes for transferring money. QR technology has become the most convenient and cost-efficient method of transferring funds from one account to another,…
Read MoreThe central bank of the Philippines to adopt National QR Code Standard for Payments
