The Department of Transportation (DOTr) and the Land Transportation Franchising Regulatory Board (LTFRB) have tapped digital financial services company PayMaya for cashless payment options to drivers and operators of Public Utility Vehicles (PUVs) as quarantine restrictions begin to ease in some parts of the country.
As transportation services resume in areas under General Community Quarantine (GCQ), the LTFRB recently issued guidelines mandating taxis and TNVS to adopt cashless payments such as PayMaya as a measure to help curb the further spread of COVID-19.
The two government agencies will also be working with PayMaya to provide additional livelihood opportunities to drivers.
“In the ‘new normal’, we must help everyone adapt to new and safer ways to lead our lives, and that includes the transportation industry. PayMaya is proud to support the government and transport operators not just in helping them accept contactless payments, but to chart the path towards their full recovery as well,” said Orlando B. Vea, founder and CEO, PayMaya.
PayMaya is offering various taxi and transport operators and their drivers QR scan-to-pay capabilities via its mobile app, which will also give them access to a digital financial account that they can use for everyday transactions such as bills payments, airtime load reloading, and sending money to friends and family.
Soon, drivers and transport operators may also receive contactless payments through credit, debit, and prepaid cards via tap-to-pay technology through the other digital payment solutions of PayMaya.
Operators may also utilize PayMaya’s PayOut disbursement solution to easily distribute salaries and other incentives through their drivers’ PayMaya accounts.
On top of assisting drivers gradually shift to cashless payments, PayMaya will also soon enable them with additional livelihood options such as offering airtime load purchases, bills payment, and even remittances if they also operate a sari-sari store or any physical store through other upcoming products and services.