QR Ph is the national QR code standard that allows transfers between participating BSP-regulated financial institutions. This unified payment system makes digital transactions faster, safer, and more convenient for Filipinos.
Key Features of QR Ph
- Universal Compatibility: Works across different banks and e-wallets
- Enhanced Security: BSP-regulated standard ensures safe transactions
- Instant Transfers: Real-time fund movement between accounts
- Convenience: No need to input account numbers manually
Types of QR
1. Personal QR
Participating banks and e-wallets will allow you to generate this standard QR code with InstaPay logo:
2. Merchant QR
For registered merchants and business establishments, you may pay them via the following QR code format:
Watch: How to use QR Ph by the Bangko Sentral ng Pilipinas
How to Use QR Ph with Coins.ph
As Coins.ph has adopted this standard, you can receive money from people using other banks and e-wallets by sharing your QR code.
Alternatively, you can also send money to other banks and e-wallets by scanning your recipient's QR code or uploading a screenshot of the QR using your Coins Wallet.
Sending Funds via Scanning a QR Code
- Obtain the Recipient's QR Code: Ensure it is a valid QR Ph code.
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Open Your Coins App: Tap the Scan icon on the Home tab.
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Scan the QR Code: Align it within the white square guide for detection.
- Enter Payment Amount: After scanning, you will be directed to the cash out screen.
- Confirm Transaction: Double-check all details before clicking Confirm.
Sending Funds by Uploading a QR Code
- Get the Recipient's QR Code: Ensure it is a valid QR Ph code.
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Upload the QR Code Image: Tap the Scan icon and select Photo to upload the image containing your recipient's QR code.
- Enter Payment Amount: You will be redirected to the cash out screen.
- Confirm Transaction: Review your details and click Confirm.
Receiving Funds via QR Code
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Access Your Coins App: Tap the Sacn icon on the Home tab.
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View Your QR Code: Click on "My Code" at the bottom of the screen to display your unique QR code.
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Share Your QR Code: Provide this code to the sender for them to initiate the transfer.
You can request for a specific amount, which will change the appearance of the QR code or share the code as is to receive any amount.
Important Considerations
Before you begin, make sure your Coins.ph account is:
- ID and Selfie verified: Your account must be verified with a valid ID and a selfie.
- Phone verified: If you plan to use QR Ph, InstaPay or PESONet cash-out options, ensure your account has a phone number linked.
Frequently Asked Questions
What are the fees to pay via QR Ph?
At the moment, it’s absolutely free for payments to merchants! There are currently no fees when you scan and pay via QR Ph!
What are the requirements to pay via QR Ph?
Your Coins.ph account must be at least ID and Selfie verified with a linked phone number to be able to pay via QR Ph. If you still need to upgrade your account, you may view this article.
What are the limits for QR Ph payments?
This depends on the sending or receiving platform limits. For Coins, refer here to learn more on how to check your Coins.ph imits.
I have issues with my QR Ph payment.
If you encounter any issues with your QR Ph payment, please us or you may also send us a message. Kindly expect a response within 24 hours.