PayMaya helps LGUs adopt digitalization

MANILA, Philippines — PayMaya, the digital financial services arm of PLDT’s Voyager Innovations, has launched a program that will help accelerate the adoption of digital transactions among local government units (LGUs) by providing them with end-to-end cashless payment solutions.

The LGUs Embracing and Accelerating Digitalization (LEAD) program is seen to help local governments build cashless ecosystems within their respective localities.

The program could be achieved by enabling citizens to transact with the government through online and mobile channels, empowering businesses and merchants to accept contactless payments, and ensuring that citizens can receive aid and other benefits from government through their digital financial accounts.

“Consumers and businesses around the country are increasingly opting for cashless payment methods for their day-to-day needs, and we’re seeing the government, especially LGUs, stepping up and adapting quickly in order to serve the requirements of their constituents,” PayMaya founder and chief executive officer Orlando Vea said.

“LGUs are at the forefront of delivering government service to citizens since they are at the grassroots. Ensuring that they are equipped with the right digital financial tools is therefore the primary goal of PayMaya’s LEAD program,” Vea said.

Vea said LGUs must be able to provide their constituents with inclusive payment acceptance options from credit, debit, and prepaid cards to emerging payment solutions such as QR.

He said LGUs could also easily disburse financial aid and other benefits to their citizens through the PayMaya citizen ID, which acts as a payment and ID card in one, coupled with the PayMaya payout disbursement solution.

To date, PayMaya has worked with the local governments of Manila, Mandaluyong, Pasig, Caloocan, Valenzuela, and Quezon City, among others, in their efforts to accept payments online and disburse financial aid to constituents in light of the COVID-19 pandemic.

Through its app and wallet, PayMaya provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide.

Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services.