PayMaya adds more gov’t bodies offering cashless transaction option

Digital financial services provider PayMaya is adding more government transactions to be accessed by its users through its mobile applications.

On Thursday, Paymaya announced that it has added the Land Transportation Office (LTO), Securities and Exchange Commission (SEC), City Government of Taguig, Intellectual Property Office of the Philippines (IPOPHL), and Optical Media Board (OMB) to its roster of government partners that will be accepting cashless payments for its transactions.

The said state bodies are on top of the more than 50 government agencies and local government units (LGUs) that are already accepting card and e-wallet payments for its various transactions.

Government agencies previously onboarded on the PayMaya app are the Bureau of Internal Revenue (BIR), Social Security System (SSS), PAG-IBIG Fund, Bureau of Customs (BOC), Department of Foreign Affairs (DFA), Department of Trade and Industry (DTI), Professional Regulation Commission (PRC), and the National Home Mortgage Finance Corp. (NHMFC).

The city governments of Valenzuela, Ormoc City, and Parañaque City are among the local government units that enabled cashless payment of their various transactions through PayMaya.

“By going digital and offering cashless payment options, the government is helping address our two most pressing issues today: ensuring the safety of all citizens and helping in the recovery of the economy,” Orlando Vea, founder and CEO of PayMaya, said in a virtual press conference.

“We at PayMaya are always excited to partner with agencies and LGUs to offer our solutions to enable them to offer better and more transparent services to the public,” Vea said.

As of June, PayMaya saw a 900% year-on-year increase in payments to the government on the back of its efforts to onboard more agency and LGU partners.

To encourage more Filipinos to use cashless means of paying their government fees and dues, PayMaya said it is offering a cashback on transaction fees when they use their mobile number to pay in select online and mobile government channels until September 30, 2020.

“Users can get a cashback voucher when they pay using their PayMaya-registered mobile numbers at the websites of the DFA, PRC, NHMFC, the Construction Industry Association of the Philippines, Taxumo, JUANTAX, as well as the mobile app of SSS,” it said. — RSJ, GMA News