WebClick Tracer

March 02, 2024

Maya app now uses QRPh for payments

The e-wallet is not QRPH compliant!

Digital wallet Maya unveiled it can now be used to scan-to-pay GCash, AUB, Metrobank and Unionbank QR codes at retail stores, making payments faster and convenient by using the QRPh code. The national QR code allows clients of participating banks and electronic money issuers (EMI) a convenient method to pay, transfer to and receive funds from other bank and e-money accounts in the Philippines. QR PH is regulated by the Bangko Sentral ng Pilipinas and the Philippine Payments Management, Inc.

Similarly, the Maya QR is ready to be scanned and used by financial apps as soon as these apps make the feature available.


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

Read More ...