The Bangko Sentral ng Pilipinas North Luzon Regional Office (BSP-NLRO), in partnership with the Department of Trade and Industry (DTI) Region 2, conducted a series of advocacy campaigns on the Paleng QR Ph program in the municipalities of Bambang and Aritao, Nueva Vizcaya on 14 May 2024.

The Paleng-QR Ph program, jointly developed by the BSP and the Department of the Interior and Local Government (DILG), aims to build the country’s digital payment ecosystem by promoting cashless payments in public markets and local transportation, particularly tricycles. Capitalizing on the QR Ph initiative, the program seeks the policy championship and enjoins local government units (LGUs) to push for the acceptance of digital payments among market vendors, community shopkeepers, and tricycle operators and drivers (TODA) in all cities and municipalities in the country.

In his message, DTI R2 Consumer Protection Division (CPD) Chief Atty. Cyrus I. Restauro discussed the overview of the advocacy campaign to prospect LGUs for implementation of the said program for the benefit of our consumers who prefer cashless transactions.

Meanwhile, BSP NLRO Bank Officer IV, Ms. Maria Elena A. Madriaga, and BSP Tuguegarao Area Director, Ms. Eva Lynne M. Marcos thoroughly discussed the salient features and advantages of the program for the LGUs to enact an ordinance that would enable digital transactions in the localities.

Also present during the meetings were DTI R2 Nueva Vizcaya Provincial Director Atty. Michael B. Paggabao, DTI R2 Legal Officer Atty. Angie U. Gumaru, DTI Nueva Vizcaya CPD Chief Rowena F. Mayangat, and BSP Administrative Services Officer Mr. Emilson U. Jimenez. ♦

Date of release: 14 May 2024