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| (Image Source: Maya) |
Visa cardholders are now able to cash-in their MayMaya free as announced by Visa, a world leader in digital payments. As part of the “Cash-In For Free” program which became effective last May 1, 2024, this offer is available to all Maya users who have a mobile number from any local telco provider and are currently residing in the Philippines. The initiative aims to expand consumer choice by allowing Visa cardholders to use their cards to fund their Maya wallets fee-free, to be used in Maya-accepting wallets.
To qualify, eligible users must cash into their Maya Wallet using their Philippine-issued Visa credit, debit or prepaid cards via the Maya app. Free Visa transfers are available for transactions up to Php5,000. The typical Php200 surcharge for cashing into Maya using cards will be rebated back to users. For larger transactions above Php5,000, a discounted fee of 50% off or Php100 per transaction will be imposed. The ”Cash-In For Free” program will benefit consumers and small businesses in the Philippines in driving acceptance of mobile wallets. Visa’s recent Consumer Payment Attitudes study found that Filipino consumers are increasingly embracing cashless transactions with 87% of surveyed respondents using their mobile wallets in the last 12 months. There is growing acceptance of cashless payment methods in the Philippines, with more consumers observing that supermarkets (88%), food and dining (86%), and bill payment operators (82%) have opened acceptance of cashless payment methods.
Visa Philippines Country Manager Jeff Navarro said, "We are delighted to collaborate with Maya to provide free cashing-in services to all Visa cardholders in response to the increasing number of Filipinos shifting towards cashless payments. This initiative supports small businesses by enhancing their payment acceptance experience, given today’s growing reach of digital payment methods such as cards and mobile wallets. At Visa, we aim to promote growth and access to a broad spectrum of digital payment modes to drive digital and financial inclusion. This ensures Visa continues to be the preferred choice for Filipinos, by offering an enjoyable, seamless, and secure payment experience.” “We are thrilled to partner with Visa on this initiative. Maya’s mission focuses on providing innovative and accessible digital financial services to both consumers and businesses in the Philippines. The Cash-In for Free initiative is part of Maya’s broader strategy to make digital financial services more accessible and convenient for everyone, promoting cashless transactions and financial inclusion in the Philippines," said Maya Group President and Maya Bank Co-Founder Shailesh Baidwan.
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| (Image Source: Rappler/Maya) |
Meanwhile, get ready for the adventure of a lifetime as Maya, the Philippines’ #1 digital banking app, has teamed up with Visa to offer you an unforgettable chance to experience the Olympic Games Paris 2024 up close. With the limited-edition card, you won’t just enjoy worldwide acceptance and a stylish custom design; you’ll also get a shot at winning an all-expense-paid 5-day, 4-night trip to Paris. The limited-edition card, featuring artwork by renowned Filipino comic book artist Leinil Francis Yu, embodies the spirit and resilience of our athletes. Featuring EJ Obiena’s inspiring Olympic journey, every swipe or tap lets you celebrate Filipino pride worldwide. To take part in the special promo for the Paris 2024 Olympic Games by Visa and Maya, interested Maya users must do the following:
• Purchase The Card: Grab your limited-edition Paris 2024 Olympics-themed Card via the Maya app for only Php250. New physical card users earn 1 raffle entry.
• Activate And Use: Activate your card and start paying with pride worldwide. Every Php200 spent online or in-store earns 1 raffle entry (unlimited entries).
• Boost Your Odds: Each transaction using the card not only brings you closer to Paris but also earns you up to 14% p.a. interest on your savings account.
