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Philippines: QR Code Transactions Near P1 Billion

Source: Phil Star

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.

Data showed year-on-year QR Ph P2P transactions as of end-May jumped by a whopping 1,498 percent in terms of volume and 6,267 percent in terms of value.