PNB and PMFTC Inc. Push Cashless Payments with QR PH-Powered Collection

Philippine National Bank (PSE: PNB) and PMFTC Inc. have officially signed a partnership agreement that will bring cashless payment technology to the frontlines of PMFTC’s sales operations nationwide.

The partnership is a strong example of how companies can collaborate to drive digital transformation across industries. (Photo: Philippine National Bank - PNB Facebook)

Through this initiative, over 1,200 PMFTC salesmen will be equipped with QR Ph-enabled IDs and lanyards, allowing them to accept customer payments using any mobile banking app or e-wallet.

This move aims to modernize PMFTC’s collection process, reduce dependence on cash handling, and improve day-to-day efficiency.

“This is a big step toward making field collections simpler, safer, and faster — not just for the salesmen, but for customers as well,” said PNB President and CEO Edwin R. Bautista during the ceremonial signing held at PNB’s Head Office. “We’re proud to work with PMFTC on this meaningful project.”

The partnership is a strong example of how companies can collaborate to drive digital transformation across industries.

With initial testing completed and the rollout set for September 2025, both companies are optimistic about the positive impact of this solution.

“This endeavor with PNB shows how technology, when used right, can make work lighter and life easier,” said PMFTC Director for Finance and Planning Dominique Thollon.

“And this is just the beginning of an impactful and mutually beneficial partnership.”

PNB also expressed plans to expand the scope of its collaboration with PMFTC by exploring other services, such as disbursement and employee solutions, aimed at further empowering the company’s workforce.