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PayMaya redefines Philippines payments landscape with game-changing innovations

PayMaya QR is now available in more merchants and establishments nationwide, including in 1 STI canteens, select SmartSpots merchants in key cities, as well as in Smart Stores and Sun Shops across the country. PayMaya/Released

MANILA, Philippines — As the pioneer and leader in digital financial services, PayMaya Philippines is making mobile and online payment transactions more accessible to Filipinos nationwide with revolutionary payment technologies.

“As the digital economy grows, the need for a more robust and frictionless digital payments ecosystem becomes increasingly important, and PayMaya has been leading the way towards realizing this vision,” said Doy Vea, president and CEO at PayMaya Philippines.

Smoother, faster transactions

A first in the country, PayMaya QR technology allows users to easily and quickly make payments by simply scanning a merchant’s QR code using the PayMaya app.

The company accelerated the full-scale deployment of QR-based payments in Smart Stores nationwide, in communities like canteens of partner schools in STI, in commercial establishments of Muntinlupa and Malabon, and in popular merchants within wifi-enabled cities like Baguio, Cebu and Davao.

Revolutionizing social payments

In partnership with Facebook, PayMaya has enabled Filipinos to create and access their accounts within the Messenger app, and perform transactions such as paying for bills, buying load and sending money to friends. PayMaya/Released

PayMaya has also partnered with Facebook to transform the mobile phone into a virtual wallet. This paved the way for its services to be available through the Messenger app.

With over 50 million Facebook users in the country today, this innovation has helped open PayMaya’s functionalities, making bills payment, buying prepaid load credits, and sending money to other users more widely available.

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Building digital cities and communities

The company takes an active role in forging “cashless” communities nationwide with he PayMaya ID Plus that serve the dual function of a prepaid payment and identification card.

Starting with partner cities and municipalities and school communities, the technology has been rolled out in cities like Malolos City, Balanga City, Muntinlupa City, Catbalogan City and Tacloban City, as well as in schools such as STI.

Aside from being an ID and payments card, the PayMaya-enabled ID cards can also be used for ATM withdrawals. It can also be accepted for payments anywhere in the world — both for online and physical stores —wherever Visa is honored.

Hassle-free payments for motorists

Through the PayMaya Tap-To-Pay terminal installed in toll booths within select tollways, users are able to quickly pay their tolls using their contactless cards. PayMaya/Released

In partnership with Metro Pacific Tollways Corp., PayMaya has also launched Tap-To-Pay, the first contact-less payment acceptance for tollways in the country. Enabled by PayMaya Business, this gives motorists another payment option for a seamless, convenient, and hassle-free motoring experience.

MPTC operates the North Luzon Expressway, the Subic-Clark-Tarlac Expressway and the Cavite Expressway..

Continuous expansions seen

The company is also making cashless payments acceptance more widely available. In the near future, payments enabled by it will also be accepted online and in-store in popular food chains, supermarkets, and malls such as McDonald’s, Army Navy, Domino’s Pizza, and Gaisano Supermarkets, among others.

To further reach more users, Smart and PayMaya are also set to equip Smart retail partners down to the sari-sari store levels with the payment technology.

“This is just the beginning for PayMaya as we bring breakthrough payment technologies that help improve the experience of consumers,” Vea concluded.

PayMaya is the digital financial services arm of PLDT and Smart’s Voyager Innovations.

 

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