Home Credit Philippines has joined forces with fintech company PayMongo to enable borrowers to make loan repayments through QR Ph codes. This partnership, announced on November 6, 2026, aims to enhance the payment experience for millions of Filipinos.
Simplifying Loan Repayments Across the Philippines
The collaboration allows customers to pay their monthly installments by simply scanning a QR Ph code, eliminating the need to visit physical payment centers. This system is now operational through various banks and e-wallets.
We are one with Home Credit in serving society through innovation and business models that benefit the end consumer.
Jojo Malolos, CEO of PayMongo
- Borrowers can now use any QR Ph-enabled bank or e-wallet mobile app.
- The integration has already shown signs of increasing customer adoption since its soft launch in May 2026.
Jana Pechouckova, Senior Executive Vice President at Home Credit, emphasized that this initiative broadens digital payment options for customers and encourages greater participation in the digital economy.
Rising QR Ph Usage and Its Impact
The integration comes as QR Ph transactions surge across the country. The Bangko Sentral ng Pilipinas reported that in 2025, QR Ph processed 2.47 billion transactions worth 1.16 trillion pesos.
Data from PayMongo indicated that QR Ph has become the leading payment method on its platform in the first half of 2026, accounting for 55% of total payment volume, a significant increase from 16% in the previous year.
This growth in digital payment adoption is not limited to urban areas. PayMongo reported a 93% increase in its active merchant base in provincial regions, as local entrepreneurs capitalize on social media and e-commerce.