PayMaya-processed transactions soar 900%

Transactions processed by digital financial services firm PayMaya from partner government agencies soared significantly in a span of one year as digitalization in the public sector accelerated......»»

Category: newsSource: philstar philstarAug 2nd, 2020

PayMaya enables over 50 government agencies

Digital financial services provider PayMaya has enabled over 50 government agencies  to streamline their services and accept cashless payments online todate. From June 2019 to June 2020, the volume of transactions processed by PayMaya from partner government agencies surged 900 per cent. This shows the government efforts to encourage digital payments for fees and services by accepting debit, credit, and e-Wallet payments has paid off. “In the span of one year, government agencies have stepped up their efforts in digitalizing their processes,” according to Orlando B. Vea, Founder and CEO of PayMaya. Because of this, many agencies have been able to continue offering relevant services despite the current crisis, he added. To date, PayMaya has already inked partnerships with the Social Security System (SSS), Bureau of Internal Revenue (BIR), Home Development Mutual Fund (HDMF) or PAG-IBIG, the Department of Trade and Industry, the Department of Foreign Affairs, the Department of Science and Technology, the Bureau of Customs, the Bureau of the Treasury through the platform, the Department of Agriculture’s Agricultural Credit Policy Council, the Professional Regulation Commission, the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), and the National Home Mortgage Finance Corporation (NHMFC), among  others.  As part of measures needed to be observed in the ‘new normal’, PayMaya intends to enable more government agencies, institutions, and  local government units to accept cashless payments and digital disbursements. Hence, PayMaya has launched its LGUs Embracing and Accelerating Digitalization (L.E.A.D.) program to help local governments offer digital transactions for constituents. The company likewise enabled digital disbursements for the cities of Manila, Mandaluyong, Caloocan, Pasig, and Quezon City, particularly in delivering financial aid to beneficiaries severely affected by the COVID-19 pandemic.  SSS and the Department of Social Welfare and Development (DSWD) also tapped Paymaya  to distribute financial aid to beneficiaries of its Small Business Wage Subsidy (SBWS) and Social Amelioration Program (SAP). Furthermore, it has powered the digital payment facilities of LGUs such as Valenzuela and Taguig. 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, more than double the total number of traditional bank branches in the Philippines combined. 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. .....»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

PayMaya powers cashless payments for civil registry documents at PSA

Filipinos looking to secure civil registry documents from the Philippine Statistics Authority (PSA) can now pay conveniently for their transactions as digital financial services leader, PayMaya, equips the agency with QR payments.  .....»»

Category: techSource:  thestandardRelated NewsJan 9th, 2021

Mandaluyong barangay adopts cashless payments

Residents and workers of Barangay Namayan in Mandaluyong City can now enjoy cashless transactions in their community as the local government taps PayMaya, in cooperation with PLDT Enterprise. This is the first barangay-level “cash-lite” community initiative in the Philippines. .....»»

Category: financeSource:  thestandardRelated NewsOct 24th, 2020

Social commerce transactions soar 4-fold in H1

Social commerce in the Philippines grew over 300 percent in terms of value in the first semester, according to artificial intelligence (AI) solutions firm iKala......»»

Category: financeSource:  philstarRelated NewsOct 11th, 2020

Virtual currency transactions soar

Virtual currency transactions skyrocketed in the first semester amid the shift in consumer behavior due to the COVID-19 pandemic, the Bangko Sentral ng Pilipinas said......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2020

QR code, eGov facility payments soar

The Bangko Sentral ng Pilipinas said cashless transactions via the national quick response code and the government electronic payment facility continues to gain traction as it ramps up efforts to transform the Philippines into a cash-lite economy......»»

Category: financeSource:  philstarRelated NewsJul 19th, 2020

Fastfood giants tap PayMaya for contactless payments

Fast-food giants have tapped PayMaya to deploy contactless payments and safer transactions for its customers and store frontliners......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2020

PayMaya helps LGUs adopt digitalization

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 by providing them with end-to-end cashless payment solutions......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2020

GCash posts record high transactions in May

Mobile wallet GCash posted a record spike in transactions last month as demand for digital finance continues to soar amid the global health situation......»»

Category: financeSource:  philstarRelated NewsJun 23rd, 2020

Ride-hailing app hirna taps PayMaya for cashless payments

Ride-hailing app hirna, which serves select cities in the Visayas and Mindanao, would be powered by PayMaya’s cashless system in line with the government’s mandate to increase contactless payments in the transportation sector. In a statement, the digital financial services provider said hirna’s users and partner-drivers would be allowed to have cashless transactions for the […].....»»

Category: newsSource:  manilatimes_netRelated NewsJun 7th, 2020

Workers group raps snail-paced POLO action

An overseas workers group fears that hundreds of job opportunities in Japan for Filipino workers may not be realized due to ineffectiveness and snail-paced action of the Philippine Overseas Labor Office employees in Tokyo, Japan, saying  official transactions are not being processed by POLO employees in Japan......»»

Category: newsSource:  thestandardRelated NewsFeb 24th, 2020

Digital transactions to increase — PayMaya

PayMaya Philippines Inc., the financial technology arm of PLDT’s Voyager Innovations, expects digital transactions to be pervasive in the medium term......»»

Category: financeSource:  philstarRelated NewsDec 22nd, 2019

Phl ranking seen higher by going digital — PayMaya

With more and more government agencies adopting digital payments and shifting transactions online, the country’s Ease of Doing Business ranking is expected to further improve, an executive from the country’s leading digital financial services company said. According to Voyager Innovations and PayMaya founder and CEO Orlando Vea, digital payments form a critical component in making […] The post Phl ranking seen higher by going digital — PayMaya appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 27th, 2019

PLDT’s PayMaya targets P1-trillion transactions by 2023

PayMaya Philippines Inc., the financial technology arm of PLDT’s Voyager Innovations, targets to grow five times the amount of transactions it processes annually in four years’ time as the company continues to expand and upgrade its digital payment solutions......»»

Category: financeSource:  philstarRelated NewsSep 29th, 2019

Knowing PhiIID’s Benefits, Uses

For many people, nothing can be more frustrating than a transaction that cannot be processed due to lack of valid IDs that could verify their identities. May Pagkatipunan-Aceron, 38, told Philippine News Agency (PNA) that she has four government-issued IDs which she uses for public and private transactions. “Mayroon akong Pag-IBIG ID, Passport, SSS Unified […].....»»

Category: newsSource:  metrocebuRelated NewsSep 16th, 2019

PayMaya sees 2016 transactions at P200b

PayMaya sees 2016 transactions at P200b.....»»

Category: financeSource:  thestandardRelated NewsNov 22nd, 2016

Finance: PayMaya posts growth, on track to meet P200-B target this year

PAYMAYA Philippines, Inc., formerly Smart eMoney, Inc., saw its consumer products in terms of acquisition and the use of its application growing, keeping the company on track with its projected P200 billion worth of transactions by yearend......»»

Category: financeSource:  bworldonlineRelated NewsOct 10th, 2016

Malaysian COVID-19 Cases Soar to Thousands per Day

TAIPEI - Malaysia has gone back into a tough new lockdown as COVID-19 caseloads have spiked this month after a relatively calm 2020, and the government's image is beginning to take a hit among peop.....»»

Category: newsSource:  philippinetimesRelated News12 hr. 8 min. ago

DFA: ‘No strings attached’ sa vaccine deals

Manila, Philippines – Iginiit ng Department of Foreign Affairs (DFA) na ang transaksyon ng Pilipinas sa international partners sa pag-secure ng COVID-19 vaccines ay walang political strings attached sa kanila. “Allow me to convey the assurances that our transactions on vaccine supply with global partners at the bilateral and multilateral levels do not have strings […] The post DFA: ‘No strings attached’ sa vaccine deals appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated News18 hr. 8 min. ago

Market closes flat; penny stocks climb

The stock market virtually closed flat Tuesday, with several transactions focused on select speculative issues......»»

Category: financeSource:  thestandardRelated NewsJan 20th, 2021