PayMaya providing support to MSMEs

MANILA, Philippines — Digital wallet PayMaya is helping micro, small and medium-sized enterprises (MSMEs) accelerate their transition to e-commerce with the help of digital and cashless technology.

Through its “Sulong Negosyo” program, PayMaya said it is providing product, programs and partnership support worth up to P60 million to help jumpstart the recovery and growth of MSMEs in the country.

“MSMEs form a critical sector in our country’s recovery from the current crisis. With all businesses compelled to go digital, MSMEs should not be left behind. Sulong Negosyo is our rallying action to enable MSMEs with cashless technologies,” PayMaya founder and CEO Orlando Vea said.

PayMaya is making available various cashless payment tools for MSMEs which allow sellers to receive instant payments from PayMaya users, as well as help those who do not have established e-commerce stores by allowing them to generate links which they can send to their customers for payment.

“Even as the economy reopens, online, cashless and contactless transactions are here to stay as customers choose convenience and safety. The next phase of commerce will be digitally fueled, so equipping MSMEs with the right tools and payment options to succeed in this new era is one of our main priorities at PayMaya,” PayMaya business head for QR ecosystems Raymund Villanueva said.

PayMaya is also offering a rewards program to help encourage more MSMEs to go digital and cashless.

The benefits include free advertisements and marketing tools to help promote their products and services online, free livelihood training, and online courses with industry experts, and exclusive rewards to merchants whenever they accept cashless payments.

PayMaya has also partnered with entrepreneurial advocacy group Go Negosyo for various income opportunities and mentorship programs in the next several months.

“MSMEs are the backbone of our economy, so a concerted effort among government, the private sector, and civil society will definitely help boost their recovery in the months ahead. We thank PayMaya for this partnership that will definitely help provide a lot of opportunities to learn and earn for many small businesses across the country,” Presidential adviser for entrepreneurship Joey Concepcion said

With the partnership, MSMEs participating in Go Negosyo programs across the country can enjoy access to PayMaya products with assistance on onboarding, incentives, and training resources.