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AllBank offers QR code payment system – Manila Bulletin


Published May 10, 2021, 5:00 AM
AllBank, a growing thrift bank with 17 branches, is joining the move to a cash-light environment through the use of QR or quick response code to electronically transfer money between individuals and merchants.
“The rapid shift to digital payments due to the pandemic provided the momentum for AllBank to modernize its payment mechanisms,” the bank said.
It added that, “The digital payment system has a huge potential and is seen to greatly benefit merchants, such as AllDay Supermarket.”
Photo credit: https://www.allbank.ph
“This COVID-19 pandemic has caught all of us by surprise and very much accelerated the pace of digital transformation in our country,” AllDay Director Manuel Paolo Villar said in his message during the launch of the national QR code, led by the Bangko Sentral ng Pilipinas(BSP), Philippine Payments Management, Inc. (PPMI) and Bancnet last week. ....

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#MINDANAO – Manila Bulletin


About Mindanao’s 2020 growth
All Mindanao regions posted smaller declines than the 2020 national average economic growth rate. Then Bangsamoro Autonomous Region had the lowest at -1.9%. The Philippine Statistics Authority (PSA) web link is quoted below this column to read more. We must note that GRDP reports reflect the growth of the previous year, not the current one.
Last week’s report by the NEDA was not a surprise given that Mindanao regions in recent years often perform better than the national average as I wrote in my column two years ago
(https://mb.com.ph/2019/04/30/is-the-probinsya-growing-faster/) after the government released its 2018 Gross Regional Domestic Growth Rate (GRDP) figure. In 2019 it was the Davao region that exceeded the country’s growth rate. ....

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