PAYMAYA Philippines, the digital financial services unit of Voyager Innovations, and bills payment company Bayad Center have partnered to provide Filipinos a more convenient and secure option to pay their utility bills and government fee requirements.
PayMaya Philippines (formerly Smart Money, Inc.), said that by simply downloading the PayMaya app from the Google Play Store or Apple App Store (or updating the app for existing users), consumers can now conveniently settle their bills on time with a simple tap on the ‘Pay Bills’ feature on the app.
Billers that are now available on PayMaya’s Pay Bills include Bayad Center partners and private companies such as Manila Electric Company (Meralco), PLDT Inc., Laguna Water, and Cignal.
Soon, more partners and government agencies will be covered such as Smart, Sun Cellular, Social Security System (SSS), Pag-IBIG, PhilHealth, Philippine Overseas Employment Agency (POEA), Maynilad, Professional Regulation Commission (PRC), and National Bureau of Investigation [NBI], among others.
“At PayMaya, we strive to accelerate financial inclusion in emerging markets and improve lives through payment innovations. Our partnership with the leading payment fulfillment company Bayad Center is a demonstration of this commitment,” said Orlando Vea, president and chief executive officer of PayMaya Philippines and Voyager Innovations.
Bayad Center chairman Oscar Reyes said, “Through PayMaya, we make it even more convenient for the paying public to settle their bills since they can easily access the facility through their mobile phones. What is even better is that our OFWs (overseas Filipino workers) can now pay for their bills back home without having to send money and pay charges. It is payment made available anytime, anywhere,” Reyes said.
PayMaya users can also request for their own PayMaya physical prepaid card, which can be used in brick-and-mortar stores worldwide that accept Visa.
A variant also comes with its own beep™ wallet, allowing users to ride the MRT, LRT, BGC buses, and other point-to-point (P2P) transportations powered by beep™ for their daily commute. Users who link their PayMaya app and card, and upgrade their PayMaya account can facilitate peer-to-peer money transfers and ATM withdrawals.
Apps by leading banks enable users to pay their bills once enrolled in their app. Originally meant to manage and track deposit money, these apps will be useful if you have a bank account. This remains to be a challenge in the Philippines as roughly only 31 percent of the population have bank accounts.
With PayMaya, access to financial services is made easier with just a smartphone and a mobile number. To be able to pay your bills, all you need to do is download the PayMaya mobile app, register and activate your account with basic information such as name and mobile number—no need for a bank account or enroll your bills.
For existing users, all they need to do is update their app to enable the Pay Bills feature of their PayMaya.
Once your account is activated, you can load your PayMaya at any of the 15,000 reloading stations nationwide that include SM Malls Business Centers, Robinsons Department Stores, Bayad Centers, 7-Eleven stores with Cliqq kiosks, TouchPay Kiosks, and Smart Padala Centers, on top of online banking via BDO.
Leading domestic money remittance service provider Smart Padala, a brand under PayMaya Philippines, is also an agent of financial inclusion. With the partnership, Smart Padala is set to expand the list of merchants under its existing bills payment service, welcoming government agencies such as NBI, SSS, and Pag-IBIG among others.