Digital financial services company PayMaya enabled the Payment Links and QR Ph features where app users can use Viber, Messenger, Instagram, and other social media and chat apps to accept cashless payments.
Sellers only need to generate a Request Money link or get their QR Ph code by going to the PayMaya app, clicking the User Profile icon on the top-left portion, and tapping on the QR code icon next to their name and mobile number. Once they have generated a payment link or saved a screenshot of their QR Ph code, they can easily send these to their customers via social media and chat apps to instantly receive cashless payments for their orders.
Buyers only need to tap on the link sent by the seller or scan or upload the seller’s QR Ph code through the PayMaya app to make a payment. When they do this, the seller’s PayMaya account details will automatically be filled in on their PayMaya app, and they can just enter the amount or press “Pay” for faster and easier payments.
“Since last year, we have seen a tremendous increase in the number of online and chat sellers using our PayMaya app, driven by the shift to digital because of the pandemic. That’s why we have developed the necessary tools and programs such as our Payment Links and QR Ph features, on top of other solutions, to make e-Commerce payments as easy as sending a message via chat,” said Shailesh Baidwan, president, PayMaya.
To make it not just easy but also rewarding for online sellers to accept payments via PayMaya, they also have a chance to earn P100 for every P25,000 worth of accumulated payments received via their PayMaya account, or up to P400 for a maximum of P100,000 worth of accumulated payments. This limited-time promo will run from February 12 to 16, 2021 only, just in time for the Chinese New Year and Valentine’s Day holidays.
Payment Links allow any PayMaya user with an upgraded account to generate a request money link that already integrates the amount that their buyer needs to pay, for faster and more convenient transactions.
PayMaya’s QR Ph-enabled code, on the other hand, allows sellers to instantly receive payments from other PayMaya users or from 18 other banks and financial institutions currently participating in the QR Ph initiative of the Bangko Sentral ng Pilipinas (BSP) via InstaPay. All they have to do is send their PayMaya QR code to their customer. In turn, their customers can simply save the QR code and choose it when using PayMaya or their own QR Ph-sending financial app.
QR Ph is the national QR code standard launched by the Bangko Sentral ng Pilipinas (BSP) in 2019 and PayMaya was the first e-Wallet to adopt it among other local financial institutions.
These payment options are flexible enough that online sellers can easily send them to buyers via social media or through chat apps such as Viber and Messenger, which have increasingly become the focal points of online commerce as consumers increasingly prefer using digital tools for their everyday needs.