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Gov’t cashless transactions surge — PayMaya

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THE VOLUME of e-payment transactions from the government has surged by 900% this year as more state agencies have adopted the cashless payment system, digital payments firm PayMaya Philippines, Inc. said.

“From June 2019 to June 2020, the volume of transactions processed by PayMaya from partner government agencies increased by 900%, indicating the government’s heightened efforts to encourage digital payments for fees and services by accepting debit, credit and e-Wallet payments through their online portals or branch offices,” PayMaya said in a statement e-mailed to reporters on July 31.

PayMaya said it had processed transactions for more than 50 government agencies in compliance with President Rodrigo R. Duterte’s mandate to streamline state services.

Mr. Duterte had called for easier and more efficient transactions in government agencies in his fourth State of the Nation Address (SONA) last year.

PayMaya Founder and Chief Executive Officer Orlando B. Vea noted state agencies responded to the President’s call by stepping up their efforts in digitizing their processes and enabling citizens to transact with them online.

“Because of this, many agencies have been able to continue offering relevant services despite the current crisis. As the President said, there should be no more lines in government offices in the new normal as more people transact online, and PayMaya is proud to support the government in achieving this goal,” he said.

PayMaya has signed partnership deals with Social Security System, Bureau of Internal Revenue, Home Development Mutual Fund, Department of Trade and Industry, Department of Foreign Affairs, Department of Science and Technology, Bureau of Customs, Bureau of the Treasury, Department of Agriculture’s Agricultural Credit Policy Council, Professional Regulation Commission, Tourism Infrastructure and Enterprise Zone Authority, and National Home Mortgage Finance Corp., among many others.

PayMaya is a subsidiary of Voyager Innovations, Inc., the digital innovations company of PLDT, Inc.

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. — Arjay L. Balinbin





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