Business Feature Tech

POSIBLE brings digital payments, financial tech to neighborhoods

Rather than drive to a mall and get stuck in traffic to pay your VECO dues, you can soon just go to your nearest sari-sari store that has a POSIBLE system in place and settle your electricity bill there.

POSIBLE is a Filipino financial technology company that seeks to drive financial inclusion by bringing these services to communities by working with micro, small, and medium enterprises (MSMEs).

“We are talking micro – sari-sari stores, your neighborhood bakeries, auto shops. We are community-based as opposed to those that you can see in the mall. Our thrust is inside the community, your neighbor,” said POSIBLE CEO JG Puzon.

DIGITAL PAYMENTS. POSIBLE CEO JG Puzon demonstrates the use of their digital payments device in an interview with Cebu journalists.


Digital payments centers

Puzon was in Cebu last February 19 to formally launch the system here.

POSIBLE is a system that allows small neighborhood businesses to become digital payments centers.

Those interested to become agents can sign up by paying P45,000 for the package, which comes with the device and marketing materials. After that, they will need to pay P150 as monthly fee.

The device is “Filipino-developed and very localized. It was designed to work with how small Filipino entrepreneurs do business,” Puzon said.

The device offers more than 300 services from bills payment, remittances, prepaid loading, bus ticketing, bank deposits and even government transactions for NBI clearances, SSS, birth certificate and passport payments.

PAY VECO. Among the utilities you could pay using the POSIBLE device is VECO, the power company servicing Metro Cebu.


Bridging the gap

“We want to make the digital world accessible to people who do not necessarily have access to digital. A lot of people have smartphones but they don’t have bank accounts. This bridges that gap,” Puzon said.

He said the system allows stores to become online shops because they are able to sell via a catalogue and purchases are then delivered to their location.

Puzon said there are 3,200 POSIBLE agents nationwide, mostly concentrated in the General Metro Manila area, where they started in 2016. There are 50 agents in Cebu and, after last week’s formal launch, they are targeting 100 in the next 3 months. They are then planning to get 30 to 40 new agents per month as well as expand to nearby areas like Bohol and Dumaguete.

Puzon said they are confident with the prospect of the system in Cebu, which shares a lot of problems with Manila, especially on traffic. He said the ability to pay and transact in your neighborhood will be a big help to consumers.

Like any business, Puzon said potential earnings depend on things such as location and efforts put in by the business owner. The average earnings of their agents run to P4,000 to P5,000 a month. Some, however, earn as high as P30,000, he said.

CEBU LAUNCH. POSIBLE CEO JG Puzon during the launch of their financial technology platform in Cebu City.


Expand quickly

POSIBLE has now processed more than P5 billion worth of transactions, the company said in a statement.

Partnering with POSIBLE will help companies expand quickly throughout the country, Puzon said.

“It’s like having 3,200 branches right away. You can imagine how much it costs them to put up a branch – you rent a place, put a security guard, pay workers, put up aircon, etc. If they go on board with us, they are immediately nationwide,” Puzon said.

“It works both ways, it helps the small entrepreneurs, it also helps the big service providers,” he added.

Business Tech

PayMaya, Smart accelerate rollout of QR code payments nationwide

After introducing the first Quick Response (QR) code payments via app in the Philippines last May, PayMaya Philippines today announced that the scan-to-pay technology is now available across the country. Smart Stores and select merchants in key cities now allow consumers to conveniently pay by simply scanning QR codes through their PayMaya app.

Smart subscribers have a new means to transact with their accounts as Smart Stores all over the country are now equipped with PayMaya QR technology. PayMaya is also enabling merchants in communities starting with canteens in partner schools like STI and commercial establishments in cashless cities such as Muntinlupa and Malabon.

PayMaya is also tapping popular merchants in SmartSpots already enabled by WiFi connectivity in key cities such as Baguio, Cebu, and Davao.

PayMaya QR Code
CONVENIENT. Using QR Code to simplify payments, PayMaya is making cashless transactions even more convenient.

All kinds of merchants

In the near future, payments enabled by PayMaya will also be accepted online and in-store in popular food chains, supermarkets, and malls such as McDonald’s, Army Navy, Domino’s Pizza, and Gaisano Supermarkets, among others.

To further bring the technology to more users, Smart and PayMaya are also set to equip Smart retail partners down to the sari-sari store levels with the payment technology.

“As PayMaya continues to grow nationwide, we take a giant step for our customers by making QR code payments available to all kinds of merchants. PayMaya is the leading digital payments wallet and on the merchant side, this will reinforce our position as the top mobile payments acquirer in the country,” said Orlando B. Vea, President and CEO, PayMaya Philippines and Voyager Innovations.

“Convenient and secure cashless transactions complete the digital life experience of people and communities. Equipping our Smart Stores, partner merchants, and retailers with PayMaya’s innovative platforms is a step in making our vision a reality,” said Eric R. Alberto, Chief Revenue Officer, PLDT and Smart.

Existing technology, new use cases, right conditions

QR code technology has been in use for quite some time with many applications already in the market. However, wide adoption for payments had been previously hampered by various factors, such as lower smartphone and internet usage.

The technology has now taken off around the world, with payment providers in various countries introducing use cases for adoption. Globally, Tencent’s WeChat app is the leader with close to a billion active users, most of them residing in China. Similar to PayMaya, every time their app is downloaded, so too is a QR code reader as the feature has already been integrated.

In the Philippines, the growing smartphone and internet penetration is now being complemented by digital payments adoption, pioneered by PayMaya. It has made payments integration capability via QR codes available and is now accelerating consumer acceptance, as it further builds up and reinforces the payment ecosystem and infrastructure across the country.

PayMaya QR Code
DIGITAL PAYMENTS. For digital payments to work, “it is important to foster the right conditions and build the ecosystem. PayMaya is already leading the market toward this direction,” said Manuel V. Pangilinan, Chairman of PLDT, Smart, Voyager Innovations and PayMaya Philippines.

It takes a village to make ‘cashless’ work

“For any kind of digital payments technology to be widely adopted, it is important to foster the right conditions and build the ecosystem. PayMaya is already leading the market toward this direction. Along with the strongest network of PLDT and Smart, we are seeing digital financial inclusion in action,” said Manuel V. Pangilinan, Chairman of PLDT, Smart, Voyager Innovations and PayMaya Philippines.

PayMaya Philippines is the digital financial services arm of PLDT and Smart’s Voyager Innovations. Its PayMaya wallet, accessible via mobile app and Facebook Messenger (@PayMayaOfficial) that comes with a virtual and physical Visa or MasterCard, is now the preferred prepaid payment by the millennial market.

Any mobile subscriber can download the PayMaya app from the Play Store or the App Store and load up their wallet at any of the more than 15,000 reloading stations nationwide, which include SM Business Centers, Robinsons Department Stores Business Centers, and 7-Eleven, Petron stations along NLEX and Ministop outlets with Touchpay Kiosks, UnionBank ATMs, Shopwise, Wellcome, 2Go outlets, Smart Padala centers, Palawan Pawnshop, and online banking via BDO and UnionBank.

PayMaya is also the platform of choice of local governments, enterprises, and schools for disbursements and ID plus payments cards. PayMaya-enabled ID plus payment cards are being used by Balanga City, Malabon City, Malolos City, Muntinlupa City, Catbalogan City, and Tacloban City, as well as by schools such as STI.

Financial technology platforms

PayMaya Business, the company’s system solutions provider that allows businesses to receive online and card payments is now the top mobile payments acquirer powering companies such as Cebu Pacific, Lazada, Meralco, Metro Pacific Tollways, Philippine Airlines, Smart, and Zalora, as well as numerous other merchants.  Completing the cashless ecosystem is Smart Padala’s largest money-in/money-out remittance network.

Complementing PayMaya’s digital payments is the financial technology or fintech platforms of Voyager’s FINTQnologies, Inc. (FINTQ). FINTQ enables banks and financial institutions to expand the reach of their services through digital lending, banking, and micro investment platforms such as Lendr, PeraAgad, Mobile Loan Saver, and iNVSTR.

FINTQ has processed over P21 billion worth of disbursed loans since it started in 2015. The Voyager’s fintech arm now has the most extensive digital lending footprint covering 100% of 81 provinces, 90% of 145 cities and 15% of 1490 municipalities including low-income areas.

For more information about PayMaya, visit Engage with us on social media at:,, and Get customer support at @PayMayaCares on Facebook.