PayMaya
Topic: Finance
From HandWiki - Reading time: 2 min
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| Area served | Philippines |
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| Parent | Voyager Innovations, Inc. |
| Website | www.paymaya.com |
PayMaya Philippines, Inc., commonly referred to as PayMaya, is a Philippines financial services and digital payments company based in Metro Manila, Philippines .[1] It was founded in 2007.[2] In 2018, its parent Voyager Innovations received a $215 million investment from Tencent, KKR, and IFC. [3]
Two thirds of the population of the Philippines is unbanked, and PayMaya serves that community. PayMaya processed $1 billion in transactions in 2016.[4]
As of September 2021, it had 38 million registered users.[5]
Products
Mobile e-wallet
PayMaya's e-wallet allows person-to-person money transfer via an app. Services within the app also includes bills payment, prepaid load purchase, and local bank transfer. [6]
Smart Padala
Smart Padala is a network of 55,000 partner agent touchpoints across the Philippines and serves as last-mile financial hubs in communities, providing the unbanked and underserved access to digital services. [7]
PayMaya Enterprise
PayMaya Enterprise provides end-to-end merchant-acquiring solutions and enables businesses to accept digital payments, whether online or in-store. [8]
Maya Bank
PayMaya is planning to launch a fully digital bank after it was given a license to operate a digital-only bank on September 2021 by the BSP's Monetary Board. [9]
References
- ↑ "Pay fees via any prepaid, debit, credit card, or through PayMaya e-wallet" (in en-US). https://businessmirror.com.ph/2019/07/29/pay-fees-via-any-prepaid-debit-credit-card-or-through-paymaya-e-wallet/.
- ↑ "PayMaya". https://www.owler.com/company/paymaya.
- ↑ "PLDT unit Voyager gets $215-M funding" (in en-US). https://business.inquirer.net/261327/pldt-unit-voyager-gets-215-m-funding.
- ↑ Crisanto, Janine. "PayMaya serves the unbanked in the Philippines through the mobile app". The Asian Banker. https://www.theasianbanker.com/updates-and-articles/paymaya-serves-the-unbanked-in-the-philippines-through-the-mobile-app.
- ↑ "PayMaya hits 38 million registered subscribers" (in en-US). https://www.philstar.com/the-freeman/cebu-business/2021/08/26/2122753/paymaya-hits-38-million-registered-subscribers.
- ↑ "E-wallet app waives cash in fees for users" (in en-US). https://news.abs-cbn.com/advertorial/life/09/07/21/e-wallet-app-waives-cash-in-fees-for-users.
- ↑ "Western Union money transfers now available at a Smart Padala agent near you" (in en-US). https://mb.com.ph/2021/09/16/western-union-money-transfers-now-available-at-a-smart-padala-agent-near-you/.
- ↑ "PayMaya says it now has over 200k touchpoints nationwide" (in en-US). https://www.bworldonline.com/paymaya-says-it-now-has-over-200k-touchpoints-nationwide/.
- ↑ "PLDT unit secures digital bank license" (in en-US). https://www.philstar.com/business/2021/09/18/2127857/pldt-unit-secures-digital-bank-license.
External links
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