Smart Padala by PayMaya agents in select areas around the country are now equipped with QR codes for faster and safer contactless way to encash funds for beneficiaries of the second tranche of the Department of Welfare and Development (DSWD) Social Amelioration Program (SAP).
PayMaya has been tapped by the DSWD to distribute the financial aid, which ranges from P5,000 to P8,000 depending on the beneficiary’s location, through the PayMaya accounts of the recipients in Metro Manila, Cordillera Administrative Region, Region 3, Region 4-A, and Region 7, among others. In these areas, Smart Padala by PayMaya agents in neighborhood communities will serve as encashment touchpoints for individuals and families severely affected by the COVID-19 pandemic identified as SAP beneficiaries.
With over 30,000 partner agent touchpoints nationwide, Smart Padala has the most extensive domestic remittance network in the country. Aside from the disbursement of the SAP financial aid, PayMaya has also been working with the DSWD in distributing funds to beneficiaries of its Assistance to Individuals in Crisis Situations (AICS) program.
As of June, PayMaya Philippines has helped disburse more than P1.4 billion in financial aid to at least 120,000 citizen beneficiaries under the social amelioration programs of various national government agencies and local government units since the start of COVID-19 community quarantines last March.
Realizing the need for a quick and efficient system to hand out financial aid that also prevents cash handling, which may help spread the virus, the government both in the national and local level has turned to PayMaya’s e-Wallet and its other digital financial services to provide the fastest way to deliver much-needed assistance to their respective constituents.
Apart from DSWD, funds from the Social Security System’s (SSS) Small Business Wage Subsidy (SBWS) program, were disbursed directly to the PayMaya accounts of registered beneficiaries in as fast as two weeks for the first tranche, providing critical aid to small business employees who lost their income due to the quarantine.
On the local level, the cities of Caloocan, Las Piñas, Manila, Mandaluyong, Pasig, and Quezon City have also utilized PayMaya to deliver financial aid to senior citizens, persons with disabilities (PWDs), solo parents, and scholars, among other constituents in their respective localities.
PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants, and government. Aside from providing payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines, PayMaya enables national and social services agencies as well as local government units with digital payments and disbursement services.
Through its app and wallet, PayMaya provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined. Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services. To know more about PayMaya’s products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.
