PayMaya is the Preferred Online Payment Portal for Philippine Businesses - TeknoGadyet
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Thursday, April 22, 2021

PayMaya is the Preferred Online Payment Portal for Philippine Businesses

PayMaya has established itself as the preferred online payment portal for businesses of all types and sizes in the Philippines. PayMaya Checkout, an easy-to-use, and affordable online payment portal, has facilitated a quicker transition to cashless transactions for businesses entering the e-Commerce space.

PayMaya is the Preferred Online Payment Portal for Philippine Businesses
PayMaya is the Preferred Online Payment Portal for Philippine Businesses

It also has plug-ins for companies that already use e-Commerce platforms like Shopify and WooCommerce. PayMaya provides easy-to-use digital invoicing solutions with payment connections for companies that are yet to set up their own e-commerce sites.

With many companies turning to the internet as a means of coping and surviving during the pandemic, PayMaya's online payment gateway solutions saw over 500 percent year-over-year growth in transaction count and payment volume in 2020. In 2020, the number of companies using its online payment portal increased by more than 400% year over year.

See Also: PayMaya Partners With More Government Agencies to Enable Cashless Payments For Their Services

PayMaya is the Philippines' largest non-bank acquirer, handling payments for the country's largest "every day" retailers, such as e-Commerce sites, fast service restaurants, grocery, shopping, fuel and transportation, utilities, as well as small and medium-sized businesses adopting online distribution platforms.

"Many customers and businesses have gone online to obtain basic, day-to-day goods and services as a result of the exponential shift to digital. Businesses will more easily ride this wave with the help of our online payment gateway solutions. We hope to continue to propel this change and help the growth of the digital economy by combining our end-to-end suite of payment solutions, which includes payment acquiring and face-to-face acceptance, "PayMaya President Shailesh Baidwan said.

PayMaya has been at the forefront of the Philippines' next wave of e-commerce, as more companies expand their online presence while still allowing physical payment acceptance touchpoints. The PayMaya Mall feature connects its partner merchants to over 28 million PayMaya app users. Consumers can easily find the best offers and earn cashback from promotions by using the PayMaya Mall. PayMaya Mall has acted as a gateway to over 200 of the largest merchants in the grocery, food, and retail categories since its launch in February.

These activities are part of PayMaya's initiative to promote greater financial inclusion by allowing more Filipino businesses to use the platform to go digital.

Payment options for businesses that are simple and creative.

PayMaya has been launching revolutionary products through its enterprise business that make it easier for merchants to embrace any form of cashless payment, including those from Visa, Mastercard, and JCB credit, debit, and prepaid cards, local switches including Bancnet, QR Ph, and wallets including WeChat, Alipay, GrabPay, and GCash, in addition to its own PayMaya wallet.

Its digital payment platforms, such as the Checkout Plugin, Digital Invoice, and Digital QR, have enabled businesses to accept various types of cashless payments seamlessly online.

Merchants may use the PayMaya Checkout Plugin to accept payments from VISA, Mastercard, and JCB credit, debit, and prepaid cards, as well as PayMaya and other e-wallets, on their website with ease.

Merchants can accept online payments even without a website using the PayMaya Digital Invoice by sending digital payment links to their customers via SMS, email, messaging app, or even social media account, where they can pay with any card or their PayMaya account.

Through the Digital QR, merchants can reach millions of PayMaya users and expand their business. They can easily share their QR code through messaging apps, websites, or even print and display it in their physical store to provide customers with a more convenient way to pay.

"As we lead the charge toward a cashless Philippines, we reaffirm our commitment to providing more companies and retailers with online payment options as they accelerate their digital and cashless journeys," Baidwan said.

PayMaya is the Philippines' first end-to-end digital payments ecosystem enabler, with channels and services for customers, retailers, societies, and government. It is the country's largest digital payments processor for key industries, including "every day" merchants such as the largest retail, food, gas, and eCommerce merchants, as well as government agencies and divisions, through its enterprise sector.

PayMaya provides financial services to over 28 million Filipinos through its app and wallet. Customers can pay, add money, cash out, or remit money through the company's over 200,000 digital touchpoints around the country.

Its Smart Padala by PayMaya network of over 37,000 partner agent touchpoints across the country serves as last-mile digital financial hubs in cities, bringing digital services to the unbanked and underserved. Visit www.PayMaya.com or track @PayMayaOfficial on Facebook, Twitter, and Instagram to learn more about PayMaya's products and services.

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