Paymaya Leads The Way To A Cashless Philippines In 2020 And Beyond

TECHNOLOGY, LIFESTYLE | January 11, 2021

Paymaya Leads The Way To A Cashless Philippines
(Image Source: INQUIRER.net/Inquirer Business)

Even before the start of the COVID-19 pandemic in the Philippines and around the world, more and more Filipinos are turning to cashless payments and leading digital financial services provider Paymaya is already leading the way towards a cashless Filipino nation in 2020 and possibly the foreseeable future after it with more than 28 million customers who conveniently pay, add money, cash-in and remit in over 200,000 touchpoints nationwide.

Consumers, businesses, communities and even government agencies have already utilized and are making use of Paymaya's available platforms including its official mobile app and wallet which powers all different kinds of enterprises for online commerce and everyday transactions. The company has also expanded its Smart Padala network to over 33,000 touchpoints nationwide allowing even those in the farthest parts of the country to conduct transactions such as remittance, bills payment, mobile prepaid loading and QR payments. As more sectors in society adopt cashless payments which literally becomes the new normal in performing transactions, Paymaya will continue to enable its users to further conduct and perform digital payment transactions through a different approach.

Since the implementation of the Luzon-wide enhanced community quarantine in March of last year due to the threat of the COVID-19 pandemic in the country, safer and more convenient cashless payments via Paymaya are now regarded as the new normal in Filipinos' everyday lives. On the other hand, national and local government units have tapped Paymaya to help reimburse financial aid through various programs benefitting consumers and business owners affected by the lockdown including the Social Amelioration Program under the Bayanihan To Heal As One Act through the Department of Social Welfare and Development (DSWD) and the Small Business Wage Subsidy Program of the Social Security System (SSS) among others.

Meanwhile, more than 60 government agencies and local government units have tapped Paymaya as their platform of choice and preference in offering cashless payments through their online and branch channels including the Bureau of Internal Revenue (BIR), Philippine Statistics Authority (PSA), SSS, PAG-IBIG Fund, Professional Regulations Commission (PRC), Department of Foreign Affairs (DFA), the Department of Trade and Industry (DTI), Land Trandportation Office (LTO), Bureau of Customs (BOC) and the Securities and Exchange Commission (SEC). Apps such as Paymaya Negosyo and tools like Payment Links, Digital QR and Paymaya Checkout allow micro, small and medium enterprises (MSMEs) to quickly offer cashless payment acceptance and to even generate new income streams from services such as bills payments and mobile prepaid loading. Large enterprises, on the other hand, have accelerated their adoption of cashless payments acceptance via Paymaya QR and the Paymaya One terminal in support of the "Ingat-Angat Tayong Lahat" campaign to inspire consumer confidence and safely reopen the nation's economy.

For more information on Paymaya's products, services and promotional deals and offers, visit www.paymaya.com and @PaymayaOfficial on Facebook, Twitter and Instagram.

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