A FRUIT vendors and other wet market sellers in Bohol province were recently able to exchange unfit banknotes and coins with digital cash, according to the Bangko Sentral ng Pilipinas .
This is not the first time the BSP exchanged unfit banknotes and coins with digital cash. In December, the BSP Mindanao Regional Office, during the launch of the Paleng-QR Ph Plus, allowed e-wallet users to exchange their unfit banknotes and coins for e-money. Unfit banknotes are soiled, limp, stained, or have faded print, obvious writings, or markings. Meanwhile, unfit coins are those with corrosion or markings.
“Mas pinadali at hassle-free ang mga transaksyon. Nabawasan din ang pagpila ko sa mga bangko at remittance centers para mag-transfer ng pera [It hastened and made my transactions hassle-free. I also need to line up less frequently at banks and remittance centers to transfer cash],” Boniel said.
Source: News Formal (newsformal.com)
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