How PayMaya is powering the next wave of e-commerce in the Philippines

The pandemic has forced businesses to shift online to cope and thrive. Helping businesses in this process is the Philippines' online payment gateway of choice, PayMaya.

In 2020, PayMaya's partner businesses increased by over 400 percent year-on-year. It also registered over 500 percent year-on-year growth in both transaction count and payment volume.

"The exponential shift to digital has seen many consumers and businesses go online to avail of essential, day-to-day products and services. Our online payment gateway solutions are making it easier for businesses to swiftly ride this wave," said PayMaya president Shailesh Baidwan.

Easing the way for businesses

For businesses that have yet to establish their own e-commerce sites, PayMaya provides easy-to-use digital invoicing solutions with payment links. It also offers readily available plug-ins for businesses already using e-commerce sites such as Shopify and WooCommerce.

On top of being an online payment gateway of choice, PayMaya is the largest non-bank acquirer in the Philippines, processing payments for the biggest "everyday" merchants, including e-commerce sites, quick-service restaurants, groceries, retail, gasoline and transportation, utilities, as well as small and medium enterprises embracing online sales channels, and government agencies and units.

“Combined with our end-to-end suite of payment solutions, including payment acquiring and face-to-face acceptance, we hope to continuously propel this shift and support the growth of the digital economy," Baidwan added.

The company has also been connecting its partner merchants to over 28 million PayMaya app users via the PayMaya Mall feature. Since its launch in February, app users have been treated to the best deals and cashback promotions while also getting access to around 200 of the biggest merchants in grocery, food, and retail. 

These efforts are part of PayMaya's thrust in promoting greater financial inclusion by enabling more Filipino businesses to go digital on the platform.

Seamless and innovative solutions

Through its enterprise business, PayMaya has been making it easier for merchants to accept any type of cashless payment—including VISA, Mastercard, and JCB credit, debit, and prepaid card; local switches such as Bancnet and QR Ph; and wallets including WeChat, Alipay, GrabPay, and GCash—on top of its own PayMaya wallet. Its digital payment tools such as the Checkout Plugin, Digital Invoice, and Digital QR have also allowed enterprises to seamlessly accept different forms of cashless payments.

Using the PayMaya Checkout Plugin in their websites, merchants can easily accept payments from VISA, Mastercard, and JCB credit, debit, and prepaid cards, PayMaya, and other e-wallets.

The PayMaya Digital Invoice allows merchants to accept online payments even without a website by sending digital payment links to their customers through SMS, e-mail, messaging apps, or even their social media accounts so customers can pay using any card or their PayMaya account.

The Digital QR makes it easier for merchants to grow their business by reaching PayMaya’s millions of users. They can easily share their QR code through messaging apps, website, or even have it printed and displayed in their physical store to offer customers a more convenient way to pay.

"As we lead the push toward a cashless Philippines, we reiterate our full commitment to enable more businesses and merchants with our online payment solutions as they accelerate their digital and cashless journey," Baidwan confidently added.

Through its app and wallet, PayMaya provides users access to financial services. Customers can conveniently pay, add money, cash out or remit at over 200,000 digital touchpoints nationwide. 

Its Smart Padala by PayMaya network of over 37,000 partner agent touchpoints nationwide serves as last-mile digital financial hubs in communities, providing the unbanked and underserved access to digital services. 

To know more about PayMaya's products and services, visit www.PayMaya.com or follow it on Facebook, Twitter, and Instagram. 

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Editor’s Note: This article was provided by PayMaya.