EMERGING PAYMENTS AWARDS 2021 WINNERS
16.
@ThePAssoc | #EPAwards
17.
www.emergingpaymentsawards.com
In association with
Sponsored by:
LEADING EMERGING PAYMENTS ORGANISATION
Leading enterprises’ shift to digital
As the Philippines’ leading payments processor for
enterprises, PayMaya has enabled the growth of
businesses as they recover from the pandemic. With the
globalshifttoonline,thenumberofuniquemerchants
onboardedgrewbyalmost2,000%from2019to2020
andtofurtheraidmicro,small,andmedium-sized
enterprises (MSMEs), PayMaya introduced PayMaya
Negosyo,anall-in-onemobileappthatenablesQRand
bank transfer payments, processing of bill payments,
remittance,andmore.DigitalQRandPayMayaLinks
allow sellers to receive payments via social media or
chat apps such as Viber and Facebook Messenger.
Meanwhile, larger enterprises have accelerated their
adoptionofcashlesspaymentsusingPayMayaQR,
PayMaya Checkout payment gateway, and PayMaya,
thecountry’srst-everAndroid-basedPOSterminal.
Providing consumers with the
fastest way to own an account
As a response to the pressing needs during the
pandemic,PayMayasignicantlyrefresheditsPayMaya
app to allow Filipino citizens to own an account in the
fastestwaypossible,viaitsquickandeasyregistration
process. The app now gives consumers more enhanced
rewards and superior services, and PayMaya is further
making cashless transactions frictionless for its users
withfreecash-inoersat90,000ofits110,000cash-in
touchpointsnationwide.Userscanpayfromthebiggest
selection of 1,5000 billers and load items and can directly
shopfromover360biggestbrandsinthePayMaya
Mall. As an added layer of safety for their transactions,
PayMayaoersReal-TimeTransactionHistoryUpdates,
allowing them to monitor their transactions in real time in
theapp.Withanup-timerateof99.9%,PayMayaproves
tobeareliablee-walletthatallowsuserstocomplete
their essential transactions seamlessly and is now also
oeringinsuranceprotectionthroughthePayMaya
Protect and most recently, Maya Credit.
Connecting the unbanked
PayMaya’s Smart Padala agent network has grown to
over60,000agenttouchpointsnationwide,servicing
over92%ofthecountry’scitiesandmunicipalitiesthat
were previously unbanked. With this reach, PayMaya
can now enable this demographic to participate and
thrive in the digital world. Smart Padala agents are
digitallyequippedandentrenchedinneighborhood
communities,meaningthatcitizenbenetsand
governmentaidcanbeecientlydisbursedtoPayMaya
accounts and cashed via PayMaya’s agent network.
If customers don’t own a smartphone or have mobile
internet,theyarestillabletocompletevitalnancial
transactions through the Smart Padala agents. The
government has already tapped PayMaya to disburse
over a billion in aid in 2020 to hundreds of thousands of
beneciariesnationwide.
More about the company:
www.paymaya.com
support@paymaya.com
www.linkedin.com/company/
paymaya-philippines/
twitter.com/PayMayaOcial
AsthePhilippines’onlyend-to-enddigitalpayments
ecosystem enabler, with businesses across consumers
andenterprises,PayMayaisuniquelypositionedto
serveallsegmentsofthepopulationandbridgeoine
communities to the digital world.
ThisstrengthwashighlightedwhenCOVID-19
quarantinemeasureswereimposedinthePhilippines.
PayMaya was able to leverage its largest domestic
remittancenetworkofover60,000agenttouchpoints,
PayMaya has been creating
fantastic mobile solutions
and a great user experience for
their customers. They have done a
great job through the whole of the
economic lockdown, and won many
new customers throughout
this period.
which is more than triple the number of bank branches
inthecountry,toprovidereliablecash-inandcash-out
services.Itsfullsuiteof“plugandplay”,end-to-end,
omni-channelpaymentacceptancesolutionshas
enabled enterprises to pivot during the pandemic, thus
paving the way for powering more than 250,000 points
of acceptance nationwide (accounting roughly to 24%
penetrationofthetotal1-millionformalenterprisesin
thePhilippines).Asofend-September2021,PayMaya
has provided over 41 million users (roughly more than
half of the adult population) with the fastest way to own
anancialaccountthroughitsconsumerplatforms.
In September 2021, Maya Bank received its digital
banking license from the Bangko Sentral ng Pilipinas
(the Philippines’ central bank). In tandem with Maya
Bank,PayMayaisacceleratingnancialinclusionasit
bringsmoreinclusivedigitalnancialservicessuchas
deposits, loans, insurance, investment, and more.
Winner
Silver
Winner
As we know, the payments landscape is evolving and constantly
changing, and that change is even faster these days. It is important
that we work with these companies and look at the new models and
use cases they are bringing into the solutions market.
Discover Global Network/Diners Club International
Congratulations to the other nalists
Sponsored by:
Colour
PayMaya Philippines, Inc.