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beep powers QR payment in LRT1, enhancing commuting experience
AF Payments, Inc., the operator of the beep card, is pleased to announce the successful launch of Maya’s and Light Rail Manila Corporation’s (LRMC) QR payment system in LRT1. This new and convenient payment option—which is enabled by beep’s technology—was warmly received by train commuters, who can now effortlessly purchase QR codes through their smartphones. “The overwhelming adoption of QR since the service’s launch demonstrates commuters’ willingness to embrace more diverse payment options that facilitate faster and more convenient commutes. Alongside the tap-in and tap-out functionality of beep cards, QR offers an excellent alternative to Single Journey Ticket users, allowing them to skip the lines and enjoy faster travel times. The core mission of AF Payments, Inc. is to provide commuters with convenient, fast, and secure payment solutions, transforming daily commuting into a more efficient, productive, and pleasant experience for everyone,” says JJ Moreno, the president & CEO of AF Payments, Inc. Making payments via QR is made incredibly simple by following these steps: 1. Open your Maya app and navigate to the Services section. 2. Select the LRT-1 tile under the Lifestyle category. 3. Choose your desired route (Northbound or Southbound) and set both the origin and destination. 4. Click on Pay Now. Your QR ticket will be instantly generated. 5. Scan your QR ticket using the turnstile QR scanners at LRT1 stations. LRT1 QR tickets, which will be valid for 24 hours, may be conveniently purchased through the Maya and LRMC’s ikotMNL apps, and eventually through the beep app. The LRT1 trains cater to passengers from Monumento to Baclaran. “Fast lane” turnstiles with QR readers are located in all LRT1 stops, including Balintawak and Roosevelt stations along EDSA. “AF Payments remains committed to providing innovative enabling technologies to projects that enhance the commuting experience of Filipinos. We strongly believe that Filipino commuters deserve nothing less than the best and latest micropayment solutions that cater to their evolving needs,” Mr. Moreno added. The recently launched QR ticketing setup at LRT1 was based primarily on the QR Code Application for Transport (QCAT) format, an open-source set of specifications and documents published by AFPI that defines a QR code-based ticketing system applied to different modes of transportation. QCAT defines the structure and format of the QR Code payload of a ticket. The QR ticket is generated and issued through a mobile-based application and is then scanned and validated as trip fare media or ticket. A backend repository captures these QR ticket transactions and are processed, cleared, and settled based on agreed business rules between the QR ticket issuer, acceptor, and transport operator. Before its introduction in the rail sector, QCAT was successfully applied in both bus transport (with the BGC Bus network in Taguig) and inter-island ferry terminals (with Topline Express Ferry in Cebu). These two transport use cases replaced the manually validated paper ticketing process to ensure quicker validation and a hassle-free commuting experience. With QR ticketing based on the QCAT format, passengers are given another cashless option for a fast, seamless, hassle-free, and convenient commuting experience. The post beep powers QR payment in LRT1, enhancing commuting experience appeared first on Daily Tribune......»»
Marcos wants more widespread cashless transactions
President Ferdinand Marcos Jr. has taken steps to increase public knowledge about cashless transactions as part of his campaign to fully digitize the country, Malacañang said on Friday. Marcos made the statement through the Presidential Communications Office as he expressed support for Paleng-QR Ph, an initiative that aims to promote the widespread adoption of digital payments in markets and tricycle hubs through using online applications. According to Communications Secretary Cheloy Garafil, the Paleng-QR Ph program was a topic of discussion during President Marcos' meeting with the members of the Digital Infrastructure Cluster of the Private Sector Advisory Council at Malacañang Palace in Manila earlier this week. “President Ferdinand R. Marcos Jr. fully supports the Paleng-QR Ph Plus Initiative and wants 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 (MSMEs),” Garafil said. The QR Ph initiative, developed by the Bangko Sentral ng Pilipinas and the payments industry, aims to establish a standardized national quick response code for digital payments. Launched in 2022, this digital program primarily focuses on engaging merchants, business owners, and various forms of local transportation. PSAC Convenor Sabin Aboitiz, President & CEO of the Aboitiz Equity Ventures Inc., was also present during the meeting along with Union Digital President and CEO Henry Rhoel Aguda, Bank of the Philippines Islands COO Ramon Jocson and PLDT Inc. President and CEO Alfredo Panlilio. PSAC Member Ernest Cu, President and CEO of Globe Telecom, described the use of quick response codes and other digital payment apps as something like a “home run” for the government, saying that they are excited to start serving the public markets using QR codes. “We have to do it. It’s a grassroots-level approach. There are also videos on YouTube and we also have Tiktok to get people to educate themselves. And if you use the app regularly, you will see it being offered to you on the app,” Cu said, noting the country’s very high technology adoption rate. BSP Governor Felipe Medalla expressed support to the project saying, “Mr. President, this one has a big impact on financial inclusion because the problem is there’s no way for banks to assess their credit scores, but if we have a digital database with their payment habits, that will be a substitute and a good proxy for credit scoring. This actually helps in the financial inclusion advocacy of the BSP and the government.” The post Marcos wants more widespread cashless transactions appeared first on Daily Tribune......»»
PayMaya empowers chat and online sellers with payment links, QR Ph
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