Various government units and agencies have turned over more than P1.4 billion worth of financial aid to 120,000 beneficiaries through PayMaya Philippines, Inc.’s e-Wallet
The Department of Social Welfare and Development (DSWD) tapped PayMaya to distribute monetary aid for displaced workers under its Assistance to Individuals in Crisis Situations (AICS) program.
The Social Security System also partnered with PayMaya in sending funds to beneficiaries of its Small Business Wage Subsidy (SBWS) program.
PayMaya’s digital financial services are also being used by the city governments of Caloocan, Las Piñas, Manila, Mandaluyong, Pasig, and Quezon City in delivering cash aid to PayMaya accounts of senior citizens, persons with disabilities, solo parents, and scholars, among their constituents.
“To address the COVID-19 (coronavirus disease 2019) crisis, government agencies and LGUs (local government units) have adopted digital technologies such as PayMaya in providing crucial aid to their constituents,” PayMaya Founder and Chief Executive Officer Orlando B. Vea said in a statement.
“Having an e-Wallet is the fastest and easiest way for citizen beneficiaries to avail of critical services such as government aid, ensuring that no one is left behind,” Mr. Vea added.
Recently, PayMaya partnered with the Bureau of Customs, the Department of Foreign Affairs, and Valenzuela City to provide an online payments gateway for their services.
PayMaya is part of Voyager Innovations, Inc., whose portfolio includes PayMaya Enterprise for end-to-end merchant-acquiring solutions and Smart Padala, which has over 30,000 partner agent touchpoints nationwide.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — A.J. Ang
