Categories: News

Salmon Group Partners with AllBank to Launch the QR Ph Payment Method

MANILA, PHILIPPINES – Media OutReach Newswire – 3 April 2024 – Salmon Group, a leading financial technology group dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, is thrilled to announce its partnership with AllBank (A Thrift Bank), Inc. to introduce an innovative QR Ph-enabled payment solution, marking a significant shift in the way repayments for financial products are made.
Repay or cash in your Salmon products using QR Ph

This groundbreaking collaboration harnesses the Salmon Group’s expertise in both fintech and in consumer lending alongside AllBank’s established presence in the banking sector to provide a seamless, secure, and convenient QR Ph payment solution to millions of customers across the Philippines.

Through this partnership, AllBank will extend the reach of its QR Ph-P2M system to merchants and customers, facilitating transactions through the straightforward scanning of QR Ph codes using smartphones, eliminating the necessity for inputting details manually for traditional payments, offering consumers a modern and efficient alternative.

This means that Salmon repayments are now much simpler. You don’t need to open several screens and apps just to make a transaction. All you need to do is open the Salmon app and choose QR Ph as the payment option, generate your unique QR Ph code and save it to your photo gallery. You can just upload the QR Ph to your preferred e-wallet or bank app to make a repayment.

Raffy Montemayor, Co-Founder of the Salmon Group and Chairman of the Rural Bank of Sta. Rosa (Laguna), highlighted the importance of the partnership in expanding its financial services, saying, “We are excited to partner with AllBank to introduce this innovative QR payment solution to Filipino consumers. This makes Salmon loan repayments much easier with the use of QR Ph codes. There is no more need to go back and forth between apps to make a payment. It’s now easy and hassle-free.”

The partnership between Salmon and AllBank underscores their joint commitment to driving financial inclusion and innovation in the Philippines. By merging Salmon’s cutting-edge technology with AllBank’s established banking infrastructure, the QR payment solution aims to meet the evolving needs of Filipino consumers in an increasingly digital world.

Both companies prioritize ensuring the security and convenience of transactions, providing a safe and efficient method for customers to make payments at participating merchants.

For further information about Salmon and its initiatives, please visit Salmon’s website at www.salmon.ph

Hashtag: #SalmonGroup

https://salmon.ph/
https://www.facebook.com/salmonphilippines

The issuer is solely responsible for the content of this announcement.

About the Salmon Group

Salmon Group is made up of Fintech Holdings Ltd and its subsidiaries in the Philippines including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI and data-driven banking and financial services. It is on a mission to empower underserved communities across Southeast Asia and is supported by world-class shareholders including the sovereign wealth fund of Abu Dhabi (ADQ) and other blue-chip international and Filipino investors.

Miscw.com

Recent Posts

Traders’ attitude to charity: global broker Octa’s research

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 31 October 2024 - E-brokerage is a…

12 hours ago

Dusit Foods partners with Japanese food industry giant Green House to drive global expansion of Epicure Catering

Strategic alliance poised to create new growth avenues in Thailand, Japan, and beyond. BANGKOK, THAILAND…

15 hours ago

Leonteq Launches Shari’a-Compliant Offering on LYNQS

Leonteq announced today that it has enabled its Shari’a-compliant structured product offering on its digital…

15 hours ago

OZONO Launches in Australia with Innovative Eco-Friendly Cleaning Technology

Revolutionizing Home and Commercial Cleaning with Aqueous Ozone Solutions that are hypoallergenic & eco-friendly QUEENSLAND,…

16 hours ago

Use More to Get More with Citi This Travel Season

Enjoy up to 10% rebate and chance to win business class round trip to Tokyo…

16 hours ago

Indorama Ventures celebrates ‘Waste Fiction Challenge’ essay competition; inspires youth to champion zero-waste schools

BANGKOK, THAILAND - Media OutReach Newswire - 5 November 2024 - Indorama Ventures Public Company…

17 hours ago