fintech

SSS taps PayMaya for payment of members’ claims, benefits

Fintech firm PayMaya has added the Social Security System (SSS) disbursement service in its app allowing members to receive their claims and benefits through the app.

To use the feature, SSS members need to enroll their PayMaya accounts through the My.SSS member portal by entering their PayMaya-registered mobile number under the “Account Number” field at the Bank Enrollment portion of the portal.

Proceeds from the SSS funeral and unemployment benefits, among others, may be coursed through the member’s PayMaya account. Members can also expect to receive their calamity, salary, and other loan proceeds via PayMaya.


Commuters can now load beep cards through PayMaya

Individual investors can now purchase treasury bonds using PayMaya


The move is part of SSS’s efforts to migrate to a “checkless” disbursement process and completely electronic way to distribute funds and other proceeds to their members in response to the growing need to go digital and practice physical distancing given the current public health situation.

Digitalization

“As the country deals with the effects of the pandemic, our digitalization efforts at SSS become a crucial part in ensuring that we deliver not just continuous but also safe service to all of our members,” said Aurora Cruz-Ignacio, president and CEO of SSS.

“SSS has been one of the leading government agencies aggressively implementing digitalization of their services, and we’re glad to enable them with our end-to-end digital platforms so that their members can conveniently and safely transact with them wherever they are,” added Orlando B. Vea, Founder and CEO of PayMaya.

e-Wallet

In 2019, SSS launched the capability to accept credit and debit cards as well as e-Wallet account for contribution payments via its new mobile app powered by PayMaya Checkout, allowing its members to remit their regular contributions anytime, anywhere–even if they’re abroad.

At the height of the COVID-19 pandemic, PayMaya also provided the SSS a way to quickly and easily disburse proceeds for its Small Business Wage Subsidy (SBWS) program to qualified MSME employees via their PayMaya accounts, allowing them to still receive much-needed government aid even without a bank account.

SSS members who want a more convenient way to receive their loan proceeds and benefits can simply download the PayMaya app for Android or iOS at https://official.paymaya.com/CAK1/425eb133 and register for an account using their mobile number.