Financial Aid Going the Cashless Route
PayMaya has been one of the companies leading the charge towards making the Philippines a cashless society. With the current pandemic, they’ve also helped raise almost Php 8 million with the #OneAgainstCovid initiative and they’ve also recently launched an app that helps small businesses accept safe and contactless payments.
Recently, the Department of Social Welfare and Development has also teamed up with them to help disperse financial assistance to qualified beneficiaries of the Assistance to Individuals in Crisis Situation (AICS).
Beneficiaries of the AICS can easily encash the money they receive via their PayMaya account at any of the 30,000 Smart Padala Centers nationwide or use the funds in their e-wallets to pay for bills, purchase essentials items, or even send money to their loved ones directly through the PayMaya app itself.
In a statement, PayMaya Founder and CEO said:
Mobile wallets like PayMaya are playing a critical role in enabling Filipinos to gain access to much-needed financial aid from government agencies and local government units. We support DSWD and the rest of the government’s efforts to digitize citizen disbursements,
They have also been working with other government agencies like SSS for the Small Business Wage Subsidy Program and was also one of the featured payment methods for the Social Amelioration Program. PayMaya has also been working with the local government units in Manila, Mandaluyong, Pasig, Caloocan, and Quezon City.