QR enables payment convenience
Compared to using debit or credit cards, using QR codes to pay for products and services is faster, more secure and hassle-free. One simply needs to scan the code using a smart phone to initiate the payment transaction. Its faster and easier compared to taking out one’s card from the wallet, swiping it at the counter, and signing the charge slip. Now, RCBC clients can experience the same level of convenience and security when they use the bank’s enhanced mobile banking app for cashless, fast and hassle-free bills payments and fund transfers by allowing users to enroll billers and beneficiaries and schedule recurring payments and transfers directly in the app. RCBC was one of only six BSP-supervised financial institutions in the country to pilot the adoption and alignment with QRPh, the national QR code standard, which streamlines fragmented QR-driven payment services into an interoperable payment solutions platform. This is part of RCBC’s support to BSP’s National Retail Payments System.