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PayMaya equips more gov’t agencies with digital payment options

Maria Romero



Despite the restrictions brought about by the coronavirus pandemic, Filipinos can continue paying their government fees in the comfort of their homes as financial technology leader PayMaya equips more government partners with cashless payment options. 
In an online briefing on Thursday, PayMaya announced its partnership with the Land Transportation Office (LTO), the Securities and Exchange Commission (SEC), the government of Taguig City, the Intellectual Property Office of the Philippines (IPOPHL), and the Optical Media Board (OMB) for cashless payments. 
PayMaya Founder and CEO Orlando Vea said day-to-day government transactions including paying taxes, remitting pension dues, and applying for business registration can now be done without the threats of potentially contracting the dreaded coronavirus disease. 
“By going digital and offering cashless payment options, the government is helping address our two most pressing issues today (and that’s) ensuring the safety of all citizens and helping in the recovery of the economy,” Vea told reporters. 
“We want to partner with agencies and local government units (LGUs) to offer our solutions to enable them to offer better and more transparent services to the public,” he added. 
Through PayMaya’s end-to-end digital payment platform, PayMaya has so far tapped over 50 government agencies and local government units to promote the use of the so-called e-Wallet payments.
On the government’s side, offering cashless payments online and physical touchpoints allow more efficient operations and greater transparency in transactions, aside from reaching more constituents here and abroad. 
To help encourage more Filipinos to go cashless, PayMaya is offering a cashback on transaction fees when they use their PayMaya mobile number to pay in select online and mobile government channels until the end of September.
In June, PayMaya reported a 900 percent year-on-year increase on payments to the government as it on boarded more agency and LGU partners and actively encouraged the use of cashless payments for paying government fees.