Home Credit, PayMongo Formalize QR Ph Loan Repayment Channel

Home Credit Philippines and PayMongo formalized a Nov. 6 agreement that lets borrowers pay monthly loan installments through QR Ph, the Philippines’ national QR payment system. The service went live in May, months before the agreement was signed, and is available through participating banks and e-wallets across the country.

Borrowers open a QR Ph-enabled bank or e-wallet app, scan Home Credit’s code and send their installment payment. The shared system works across participating providers, so customers do not need a specific partner app or a trip to a payment center. Customer use of the repayment service has grown month by month since its May launch.

QR Ph is operated under Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank. The system handled 2.47 billion transactions worth 1.16 trillion pesos in 2025, extending its use beyond retail purchases to recurring loan payments.

On PayMongo’s platform, QR Ph accounted for 55% of payment volume in the first half of 2026, up from 16% in the same period a year earlier. E-wallets made up 21% of platform volume and credit cards 19%, while direct online banking transfers fell 26% year over year. In-store QR Ph transactions on the platform more than tripled during the six-month period.

PayMongo’s active merchant base grew 93% year over year in August 2026, alongside growth in provincial businesses selling through social media, personal websites and physical pop-up shops.

PayMongo CEO Jojo Malolos said the service builds on established payment habits in the Philippines. “The data shows we are building on how money already moves in the Philippines today, through channels like QR Ph,” Malolos said. Home Credit Senior Executive Vice President Jana Pechouckova said the arrangement adds digital payment options for borrowers and supports broader participation in the digital economy.

Home Credit has served more than 13 million Filipinos and financed more than 400 billion pesos in loans during 13 years of operation.