President Ferdinand R. Marcos Jr. supports the Paleng-QR Ph Plus Initiative that promotes cashless payments in public markets and local transportation in the country. ManilaBulletin READ:
President Ferdinand "Bongbong" Marcos Jr. supports the Paleng-QR Ph Plus Initiative that promotes cashless payments in public markets and local transportation in the country.Marcos expressed his support during a meeting with the Private Sector Advisory Council Digital Infrastructure Cluster discussing recommendations to further improve the country’s digital infrastructure.
During the meeting held on Thursday, June 1, PSAC Member Ernest Cu, President and CEO of Globe Telecom, described the use of quick response codes and other digital payment apps as a “home run” for the government. The President also ordered government agencies to educate Filipinos on the use of e-wallet and other digital payment apps to prop up economic activities, particularly with the inclusion of micro, small and medium enterprises .
At the same time, the government could eliminate the 5-6 lending and similar money lending businesses thus making the cost of running MSMEs, which are the main drivers of the economy, go down.
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