Government agencies and local governments partnered with digital financial services provider PayMaya to offer a convenient payment option to Filipinos.
“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,” PayMaya Founder and CEO Orlando Vea said during the virtual press conference.
The Land Transportation Office (LTO), the Securities and Exchange Commission (SEC), the City of Taguig, the Intellectual Property Office of the Philippines (IPOPHL), and the Optical Media Board (OMB) will be added to the more than 50 state agencies and LGUs that are already accepting card and e-wallet payments for various transactions, PayMaya said.
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Among those who use cashless payments services are the Bureau of Internal Revenue (BIR), the Social Security System (SSS), the PAG- IBIG Fund, the Bureau of Customs (BOC), the Department of Foreign Affairs (DFA), the Department of Trade and Industry (DTI), the Professional Regulation Commission (PRC), and the National Home Mortgage Finance Corporation (NHMFC), City of Valenzuela, Ormoc City, and Parañaque City.
“PayMaya has been a strong supporter of (the) government and its efforts to accelerate its digitalization even before but even more so now as a result of this current public health situation,” said Mar Lazaro, Enterprise Head of PayMaya Philippines.
In June, PayMaya reported a 900% year-on-year increase on payments to the government as it encouraged more agency and LGU partners to use cashless payments for paying government fees.
BIR Deputy Commissioner Atty. Lanee Cui-David, also present in the press conference, said they were able to continue collecting taxes from consumers and businesses because of Paymaya despite the quarantine restrictions around the country in the past month.
SSS mobile app
Through the SSS mobile app, the digital financial services provider said members living in the Philippines and abroad can use their PayMaya account or credit and debit cards to remit their monthly contributions, and even receive their funeral and other benefit proceeds.
Members of Pag-IBIG Fund can continue remitting their contribution payments and even top up their savings accounts using card and e-Wallet payments even if they are abroad.
PayMaya added that car dealers and motorists can soon easily pay for motor vehicle registration and renewal fees using cashless means at the Land Transportation Office website.
“In the next few years, the next economy would be (the) digital economy. And in (the) digital economy, cashless is the safest, fastest, and the most convenient way to go as mentioned by all the other guests and even our founder earlier on,” Lazaro said.
PayMaya is also giving a cashback voucher on transaction fees when they use their PayMaya mobile number to pay in select online and mobile government channels until September 30 to help encourage more Filipinos to use cashless payments.