Consumer finance firm Home Credit Philippines and fintech company PayMongo formally signed an agreement on Nov. 6, 2026, enabling borrowers across the country to pay monthly loan installments by scanning a QR Ph code. The partnership allows customers to settle obligations directly through participating banks and e-wallets without visiting physical payment centers.
Executives sealed the partnership during a signing ceremony at Home Credit’s office in Bonifacio Global City. While the two companies formally announced the agreement in November, the QR Ph repayment channel quietly went live in May 2026 and has recorded monthly growth in customer adoption since its rollout.
The integration extends QR Ph, the national quick response code standard operated under the Bangko Sentral ng Pilipinas, from retail checkouts to recurring debt obligations. Home Credit has served more than 13 million Filipinos and financed over 400 billion pesos in loans across its 13 years of operation.
How the Repayment Channel Works
Under the system, borrowers open any QR Ph-enabled bank or e-wallet mobile application and scan Home Credit’s QR Ph code to transfer installment payments. The interoperable framework removes the need for borrowers to use specific partner apps or travel to over-the-counter payment facilities.
“The data shows we are building on how money already moves in the Philippines today, through channels like QR Ph,” said Jojo Malolos, CEO of PayMongo. “We are one with Home Credit in serving society through innovation and business models that benefit the end consumer, and in reaching deeper into the base of the pyramid through this partnership.”
Home Credit Senior Executive Vice President Jana Pechouckova said the integration expands digital payment options for borrowers while supporting broader participation in the digital economy.
QR Ph Growth and Provincial Digital Adoption
The integration follows rapid growth in QR Ph usage nationwide. Data from the Bangko Sentral ng Pilipinas (BSP) showed QR Ph processed 2.47 billion transactions worth 1.16 trillion pesos in 2025.
Transaction records released by PayMongo in July 2026 showed QR Ph became the top payment method on its platform during the first half of the year, accounting for 55% of total payment volume compared with 16% during the same period in 2025. E-wallets accounted for 21% of volume and credit cards fell to 19% after an 8% year-over-year volume decline, while direct online banking transfers dropped 26%. In-store QR Ph transactions more than tripled during the six-month period, and merchants using the no-code tool PayMongo Pages collected nearly 1 billion pesos. (Read More: QR Ph Becomes Top Payment Method for Philippine Businesses, PayMongo Reports)
Adoption of digital payment infrastructure has also expanded outside Metro Manila. In August 2026, PayMongo reported that its active merchant base grew 93% year-over-year as entrepreneurs in provincial areas shifted toward direct-to-consumer selling via social media channels, personal websites and physical pop-ups. Search data cited in the report showed rising demand for seller tools and digital payment acceptance in regional hubs such as Davao. (Read More: Filipinos Are Searching Less for Shopee and Lazada—Because They’re Becoming the Sellers, Says Paymongo)
Disclosure: AI is used to assist in developing this article.
This article is published on BitPinas: Home Credit Partners with PayMongo to Enable QR Ph Loan Repayments in the Philippines
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