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The Salmon Group & AllBank team to launch the QR Ph payment method

By Gloria Mathias

April 03, 2024

  • 20million
  • A Thrift bank
  • AllBank
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Salmon, FinTech, Series A Funding, 20million, Argentem Creek Partners, Consumer Lending, Credit Line, QR Code, Merchant payments, A Thrift bank, AllBank, QR Ph Payment Method, Philippines, Payments Technology, Payments News, APAC Fintech, Fintech News,Salmon Group, a financial technology group in Southeast Asia, has announced its partnership with AllBank (A Thrift Bank), Inc. to introduce a QR Ph-enabled payment solution.

This partnership marks a significant shift in the way repayments for financial products are made.

This collaboration harnesses the Salmon Group’s expertise in both FinTech and consumer lending, alongside AllBank’s established presence in the banking sector, to provide a seamless, secure, and convenient QR Ph payment solution to millions of customers across the Philippines.

Through this partnership, AllBank will extend the reach of its QR Ph-P2M system to merchants and customers, facilitating transactions through the straightforward scanning of QR Ph codes using smartphones, eliminating the necessity of inputting details manually for traditional payments, and offering consumers a modern and efficient alternative.

This means that Salmon repayments will be simpler. One need not open several screens and apps just to make a transaction. Open the Salmon app and choose QR Ph as the payment option. Generate your unique QR Ph code and save it to your photo gallery. You can just upload the QR Ph code to your preferred e-wallet or bank app to make a repayment.

Raffy Montemayor, Co-Founder of the Salmon Group and Chairman of the Rural Bank of Sta. Rosa (Laguna), shared, “We are excited to partner with AllBank to introduce this innovative QR payment solution to Filipino consumers. This makes Salmon loan repayments much easier with the use of QR Ph codes. There is no longer a need to go back and forth between apps to make a payment. It’s now easy and hassle-free.”

The partnership between Salmon and AllBank underscores their joint commitment to driving financial inclusion and innovation in the Philippines. By merging Salmon’s technology with AllBank’s established banking infrastructure, the QR payment solution aims to meet the evolving needs of Filipino consumers in an increasingly digital world.

Both companies prioritise ensuring the security and convenience of transactions, providing a safe and efficient method for customers to make payments at participating merchants.

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