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Friday, February 10, 2023

BillEase in-store QR code aims to extend financial inclusion to underserved Filipinos


Over the past two years, usage of quick response (QR) codes saw a significant increase because of its safety and convenience features. Today, QR codes have quickly become the more frequent and preferred method of payment for consumers as it offers less contact and faster online or offline transactions. 

 

While some critics believe that this will naturally decline as our "contact worries" ease, there are data claims that it will continue to grow stronger. Some research firms even suggest that QR code scanning usage can increase up to 99.5M by 2025. According to a research done by Statista Research1, 31% of respondents in the Philippines indicated that they used QR codes to make payments in 2021. This number is set to have grown bigger in 2022. 


 

This year, more Filipinos can now shop in cardless installments at offline stores nationwide using QR codes bringing in-store shopping experience to the next level.

 

Launched in the 2nd quarter of 2022, BillEase in-store QR code aims to extend financial inclusion to underserved Filipinos and help merchants thrive by offering alternative payment options in the offline segment. After less than a year, the number of partner merchants has seen drastic growth and now sums to nearly 1,000 shops in Luzon, Visayas, and Mindanao. 

 

Skipping the usually tedious credit card application process, BillEase app users can shop and avail of services in cardless installments at partner merchants. These include home essentials and furniture partners such as Ofix PH, WarehouseDad, and KitchenAid. Health and fitness partners include Gold’s Gym and Olympic Village while fashion and beauty brands include BNY Jeans and Giordano among others. BillEase in-store QR code can also be used to pay in easy installments at food and beverage partners such as Pancake House. Meanwhile, tech geeks can also shop at electronic partners such as DataBlitz and Power Mac Center.

 

For a complete list of in-store BillEase merchants, simply visit https://billease.ph/shops/.

 

Here’s how you can start shopping in cardless installments via BillEase:

  1. Simply download the BillEase app on your smartphone or visit https://billease.ph   
  2. Complete the registration process in as fast as 5 minutes and upload 1 valid ID, proof of income and billing, and 2 character references.
  3. Wait for application updates that will be received via email.

 

With an approved account and initial credit limit, in-store customers can shop at any partner store. Follow these simple steps to complete your BillEase scan now, pay later experience:

 

  1. At the payment counter, open the BillEase app on your smartphone and log in to your account.
  2. Click the scan icon on the top right corner and scan the store's BillEase QR code.
  3. Input the amount, settle the required down payment, and confirm the transaction.

 

Aside from in-store QR shopping, BillEase offers a range of financial services such as personal loans, e-wallet top-ups, prepaid load, gaming credits, and a customizable shop now, pay later option in interest-free or interest-bearing installment plans.

 

“At BillEase, we are committed to constantly innovate our offerings to empower all unserved Filipinos with the financial future that they deserve. By being present where our customers are, we can also empower our offline merchant partners to offer a buy now, pay later option. This increases engagement across all platforms and gives a true omnichannel shopping experience," said Georg Steiger, Chief Executive Officer and Co-Founder of BillEase.

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