Home Credit, PayMongo Formalize QR Ph Loan Repayment Channel

Home Credit Philippines and PayMongo formalized a Nov. 6 agreement that lets borrowers pay monthly loan installments through QR Ph, the Philippines’ national QR payment system. The service went live in May, months before the agreement was signed, and is available through participating banks and e-wallets across the country. Borrowers open a QR Ph-enabled bank or e-wallet app, scan Home Credit’s code and send their installment payment. The shared system works across participating providers, so customers do not need a specific partner app or a trip to a payment center.