Philippine National Bank (PNB) furthered its push for cashless transactions by partnering with the Bangko Sentral ng Pilipinas (BSP) and Cebu2World Development Corporation to host the Paleng-QR event at Cebu City’s Carbon Market on August 15, 2024. Hundreds of market vendors and customers attended the event, which was also supported by the Department of Interior and Local Government (DILG) and the Cebu City local government.
L-R: Cebu City Councilors: Hon. Noel Wenceslao, Hon. Francis Esparis, Hon. Renato Osmeña Jr., Hon. Edgardo N. Labella II; Cebu City Acting Mayor Hon. Raymond Alvin Garcia; BSP Regional Director for Visayas Regional Office Anna Clara M. Oville; DILG CESE City Director Dr. Neila Nijaga-Aquino; PNB Marketing Group Head SVP Jennifer Y. Ng; PNB Cash Management Division Head SVP Katherine H. Cabrera; PNB Corporate Banking Group’s Relationship Manager Angelo Gabriel M. Figueroa; and PNB Branch Banking Group Head for VisMin FVP John Hilarion C. Salas
Now in its second year, the Paleng-QR Ph.D. program is a joint initiative by BSP and DILG aimed at promoting digital payments in public markets and local transportation. This aligns with BSP’s mission to enhance financial inclusion by making banking and digital payments more accessible to all Filipinos.
PNB President Florido P. Casuela emphasized the bank’s commitment to building an inclusive and sustainable economy.“PNB strives to empower every Filipino through reliable and secure financial services. By promoting digital payments, we can contribute to the growth of our local economy and improve the quality of life in communities,” he said.
Before the Paleng-QR market event, PNB conducted financial literacy training sessions for market vendors. PNB SVP and Marketing Group Head Jennifer Y. Ng highlighted the importance of knowledge-sharing and public engagement in financial health. “We are pleased with the positive response from Cebu City’s market community to our activities,” she said. “We are grateful to our partners for their support and to the Cebuanos for embracing technology and considering PNB’s other financial services. Our goal is to meet their unique needs and contribute to their growth.”
PNB has recently been recognized for its commitment to customer service innovation. The bank was awarded Excellence in Customer Service Innovation by The Digital Banker in its Digital CX Awards 2024. It was named Most Admired Financial Services Provider in the Philippines by the International Business Magazine. Earlier this year, PNB was ranked number one by Forbes Magazine in its Philippine list of the World’s Best Banks for 2024, with digital services being a key factor in customer satisfaction.
