PayMaya to provide cashless solutions to transport sector

MANILA, Philippines — Digital financial services firm PayMaya Philippines seeks to bring its cashless solutions to all modes of transportation to provide the country’s transport sector with a safer and more convenient platform.

PayMaya is in talks with air and water transport companies for cashless payments acceptance as well.

PayMaya is enabling operators of various modes of land-based mass transportation with its advanced end-to-end payment platforms.

“Our complete suite of cashless payment solutions can help empower all modes of transportation, from tricycle drivers, to jeepneys, all the way to premium taxis, buses, and other forms of mass transportation around the country,” PayMaya enterprise head for the public sector said.

Through its end-to-end digital financial services and solutions, PayMaya is enabling its transportation partners to accept contactless payments through card or e-wallet payments either inside vehicles, in transportation hubs, or through their various digital and mobile channels.

“When the Department of Transportation and the Land Transportation Franchising and Regulatory Board called for PayMaya to help deploy cashless payments in transportation back in May, we worked quickly with our partners to provide them with the necessary solutions and technologies to make this happen,” PayMaya president Shailesh Baidwan said.

“We are glad that many transport operators are embracing this change, and have in fact accelerated their cashless deployments in partnership with PayMaya,” he said.

PayMaya is enabling a number of transportation service providers to allow them to accept card and QR payments in vehicles or when commuters book through their apps or websites.

Commuters, for their part, can easily top-up their beep cards by purchasing credits through the PayMaya app and they can also scan-to-pay in PayMaya QR-enabled vehicles or pay using their credit, debit, or prepaid card in transport service providers that have PayMaya terminals.

PayMaya is also helping process card transactions for Lalamove and other delivery providers for cashless payments when booking a delivery.

Major fuel retailers have adopted the PayMaya One all-in-one point-of-sale device to offer contactless payments in gas stations using card or e-wallet apps.

Meanwhile, the Land Transportation Office, the Bureau of the Treasury and PayMaya have signed an agreement that will soon allow cashless payments powered by PayMaya for motor vehicle registrations and renewals through the LTO website.

PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants and government.