00:00Cashless payments can also be made to jeeps, tricycles, and other public vehicles
00:06with the help of the eWallet platform of the Central Bank of the Philippines.
00:09With just one click, you'll be able to get your money's worth.
00:13Find out more features of the Palengk URPH PH app
00:16by BSP from Patricia Bermudez of PIA Calabarzon.
00:21With just one click of your cell phone,
00:24it will be easier to pay to markets and public vehicles
00:29with the help of the eWallet platform of the Central Bank of the Philippines,
00:33the Palengk URPH.
00:36The new BSP program is part of the government's roadmap
00:40for the wider use of technology
00:44where 50% of business transactions
00:47can be made through digital payments.
00:51Our main objective here is to have an option for our investors
00:58to pay through digital payments,
01:01whether it's through our eWallet or our online bank account.
01:04So we're promoting the use of technology
01:11for our transactions.
01:14The DICT and DILG are both
01:17far from the Palengk URPH
01:19that can solve the spread of pekingpera,
01:21especially among families.
01:23Since there's no physical money,
01:25and we know that Christmas is coming,
01:28there's a lot of counterfeit money going around.
01:31So if we use digital money, we can avoid it.
01:34Currently, seven LGUs in Calabarzon
01:37are using the Palengk URPH
01:39and it's expected to increase in 2025.
01:43BSP and DICT believe
01:46that improving the ICT infrastructure
01:49through digital payments
01:51will create a more sustainable and inclusive economy
01:54for industries in Calabarzon.
01:56From PIA Calabarzon, Patricia Bermudez
01:59for Balitang Pampansa.
