Salmon Group, a leading financial technology group dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, is thrilled to announce its partnership with AllBank (A Thrift Bank),to introduce an innovative QR Ph-enabled payment solution, marking a significant shift in the way repayments for financial products are made.
This groundbreaking collaboration harnesses the Salmon Group’s expertise in both fintech and in 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.
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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 for inputting details manually for traditional payments, offering consumers a modern and efficient alternative.
The partnership between Salmon and AllBank underscores their joint commitment to driving financial inclusion and innovation in the Philippines. By merging Salmon’s cutting-edge 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.
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Both companies prioritize ensuring the security and convenience of transactions, providing a safe and efficient method for customers to make payments at participating merchants.
About Salmon Group
Salmon Group is made up of Fintech Holdings Ltd and its subsidiaries in the Philippines including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI and data-driven banking and financial services.
