PayMaya named as BSP’s outstanding partner in driving financial inclusion

The Bangko Sentral ng Pilipinas recognized PayMaya as an Outstanding Partner at the recently held 2021 Outstanding BSP Stakeholders’ Appreciation Ceremony, themed “Pagpupugay at Pagkilala…sa Gitna ng Hamon ng Pandemya.”

“We give recognition to you, our partners, who have gone beyond the call of duty in the name of service at the height of the global health crisis,” said BSP Governor Benjamin Diokno during his keynote address at the event. “As we gear up toward recovery, we are also building the foundation of the ‘New Economy’ through digitalization and financial inclusion. Financial technology makes transactions easier and faster, which in turn, speeds up income. It also makes financial products and services accessible to a greater number of people, which in turn, enhances financial inclusion,”

“We are truly honored to be recognized by the Bangko Sentral ng Pilipinas as one of its Outstanding Partners,” said Orlando B. Vea, founder and CEO, PayMaya. “Financial inclusion is our nation’s collective responsibility. At PayMaya, we support every effort to bring digital financial services to all Filipinos. We are grateful for this recognition.”

PayMaya is first PH fintech firm to enable merchants with QR Ph

PayMaya enables government agencies adopt digital payment technology

PayMaya has been a steadfast ally of the BSP in driving financial inclusion in the country by building an end-to-end digital ecosystem to enable all consumers, merchants, communities, and the government with cutting-edge financial technologies. As of end-June 2021, it counts 38 million registered users under its consumer platforms or more than half of the adult population in the Philippines.

The fintech company works with government agencies and local government units (LGUs) to push for broader use of digital payments for fees and taxes and distribute financial assistance to citizen beneficiaries. It is also one of the financial services providers for the Social Amelioration Program distributed through the Department of Social Welfare and Development (DSWD).