BPI drives digitalization with simplified payments for businesses, market vendors via QR Ph

Reinforcing its commitment to advancing digital financial inclusion, the Bank of the Philippine Islands (BPI) actively supported the Paleng-QR Ph program by showcasing its e-wallet, VYBE, during the program’s rollout in Iloilo, Antique, and Metro Manila.

A joint initiative of the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), the Paleng-QR Ph program aims to accelerate the adoption of digital payments in cities and municipalities. By promoting the use of Quick Response (QR) Ph payments, the program empowers market vendors, tricycle operators, drivers, and small business owners with a more efficient and secure payment system.

VYBE, one of the Financial Services Providers (FSPs) with QR Ph capabilities, participated in the launch of the program in Passi, Iloilo; San Jose de Buenavista, Antique; and Parañaque City, assisting with account onboarding and financial literacy to help communities transition to digital transactions. In 2024, VYBE by BPI recorded a total of 1.7 million users.

Aligned with BPI’s goal of promoting greater financial convenience for Filipinos, VYBE serves as a trusted e-wallet for seamless and cash-free financial transactions. BPI clients and non-clients alike can now use their VYBE app to scan and pay via QR Ph codes, ensuring secure and cashless transactions at any merchant that is QR Ph ready. It also enables clients to transfer funds to other VYBE users, local banks, and e-wallets for free, making everyday transactions more convenient and accessible.

By directly engaging with communities, this initiative builds trust, boosts financial confidence, and encourages the adoption of digital banking. With VYBE’s participation in Paleng-QR Ph rollouts, more Filipinos—from vendors and tricycle drivers to small business owners—now have access to secure and seamless digital payment solutions, transforming the way they manage their finances.

BPI’s collaboration with BSP, DILG, and local government units in the Paleng-QR Ph initiative demonstrates the power of public-private partnerships in advancing financial inclusion and building a better Philippines—one family, one community at a time.