PayMaya expands collaboration with SSS

MANILA, Philippines — PayMaya is expanding its collaboration with the Social Security System (SSS), this time to allow the state pension fund's members to safely and conveniently claim their benefits.

Members can now claim proceeds from their SSS funeral and unemployment benefits straight to their PayMaya account.

Soon, PayMaya members may also receive their calamity, salary, and other loan proceeds through their mobile wallet accounts.

“SSS has been one of the leading government agencies aggressively implementing digitalization of their services, and we’re glad to enable them with our end-to-end digital platforms so that their members can conveniently and safely transact with them wherever they are,” PayMaya founder and CEO Orlando Vea said.

The availability of PayMaya as a disbursement option for claims and benefits is part of the efforts by SSS to ramp up the digitalization of its member services.

SSS seeks to migrate to a "checkless" disbursement process and completely electronic way to distribute funds and other proceeds to their members in response to the growing need to go digital and practice physical distancing given the current public health situation.

“As the country deals with the effects of the pandemic, our digitalization efforts at SSS become a crucial part in ensuring that we deliver not just continuous but also safe service to all of our members," SSS president and CEO Aurora Cruz-Ignacio said.

"We are glad to continue expanding our partnership with PayMaya not just in allowing electronic payments of member contributions but in the fast and safe disbursement of their benefits as well,” Ignacio said.

SSS launched last year the capability to accept credit and debit card as well as e-wallet account for contribution payments via its new mobile app powered by PayMaya Checkout, allowing its members to remit their regular contributions anytime and anywhere.

PayMaya also provided SSS a way to quickly and easily disburse proceeds for its small business wage subsidy program to qualified MSME employees via their PayMaya accounts.

PayMaya, the digital financial services arm of PLDT's Voyager Innovations, is an end-to-end digital payments ecosystem enabler with platforms and services that cut across consumers, merchants, and government.