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PayMaya adds new features for MSMEs
Through its new solutions, PayMaya said MSMEs will be able to conveniently offer cashless payment options via card or a PayMaya wallet in their online channels.
STAR/File

PayMaya adds new features for MSMEs

Richmond Mercurio (The Philippine Star) - October 4, 2020 - 12:00am

MANILA, Philippines — PayMaya, the digital financial services arm of PLDT’s Voyager Innovations, is bringing an array of digital payment solutions through a new online onboarding platform to provide micro, small, and medium enterprises (MSMEs) an easier way to offer digital payments to their customers.

Through its new solutions, PayMaya said MSMEs will be able to conveniently offer cashless payment options via card or a PayMaya wallet in their online channels.

“Many MSMEs have shifted their businesses online in the past months and as they adapt to this new setup, we at PayMaya are ready to help them easily transition to digital payments through our latest solutions. MSMEs are the backbone of the economy and will play a major role in the economic recovery of the entire country,” PayMaya president Shailesh Baidwan said.

With PayMaya’s solutions, MSMEs can now accept cashless payments through digital QR code, payment links, as well as PayMaya Checkout payment gateway plugins for the most popular e-commerce platforms today.

A digital QR code allows sellers to receive instant payments from PayMaya users by simply scanning their store’s QR code, which they can easily distribute via social media or chat apps or displayed in their physical stores.

Payment Links, meanwhile, help MSMEs that do not have established e-commerce stores by allowing them to generate links which they can send to their customers for payment.

Once clicked, customers will be led to a PayMaya payment page where they can pay using their PayMaya account or Visa, Mastercard and JCB credit or debit cards.

PayMaya Checkout Plugins are for MSMEs operating online stores powered by Shopify, Magento, or WooCommerce which allows for quick and easier integration of the PayMaya Checkout payment gateway without the need for advanced coding knowledge or experience.

These digital payment tools available to MSMEs complement earlier solutions announced by PayMaya such as the Negosyo app, which allows small merchants and casual sellers to instantly accept payments via PayMaya QR, bank transfer, or PayMaya Send Money by installing the Android app on their phones.

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

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