Social Security System (SSS) has tapped digital financial services leader PayMaya to allow members to pay their contributions through the SSS mobile app.
With the partnership, individual members of the pension fund such as Self-employed, Voluntary, and Overseas Filipino Workers (OFW) can now pay their contributions using their PayMaya account or any Visa, Mastercard, or JCB credit, debit, or prepaid card. In the next phase, PayMaya will accept employer’s contributions (regular and household) and salary loan payments.
Digital financial services leader PayMaya is the first e-wallet in the Philippines to officially adopt QR Ph, the national QR code standard launched by the Bangko Sentral ng Pilipinas (BSP).
PayMaya users can now receive money transfers from other institutions such as UnionBank, LANDBANK, Chinabank, AUB, and RCBC via the QR Ph code generated within the PayMaya app, represented by the QRPh logo in the middle of the code bearing the national colors of the Philippines.
In line with the directive of President Rodrigo Duterte to make public services more convenient for Filipinos, Pag-IBIG Fund has made it more convenient for its members to pay for their savings and loan repayments anytime and anywhere.
This convenient way to pay is now possible as the agency partnered with leading digital financial services firm PayMaya to bring digital and card payments to its online and branch channels.
Through the partnership, Pag-IBIG Fund members can now remit their savings and pay for their loan amortizations using any Visa, Mastercard, or JCB credit, debit, and prepaid card. PayMaya account holders can also pay using their mobile number linked to their e-wallet via Pag-IBIG Fund’s online portal.
One by Paymaya
PayMaya will also soon equip Pag-IBIG Fund branches nationwide with One by PayMaya point-of-sale (POS) devices, which will enable the agency to accept PayMaya QR payments and any Visa, Mastercard, or JCB credit, debit, and prepaid card. One by PayMaya is the only POS device that can accept multiple modes of cashless payments via swipe, tap, and dip for cards, and pay-to-scan via QR.
Aside from bringing convenience to customers, offering alternative cashless payment methods will also lessen cash handling in paying Pag-IBIG Fund dues for better security and efficiencies.
CONVENIENT PAYMENT OPTIONS FOR PAG-IBIG MEMBERS ANYTIME, ANYWHERE. The Home Development Mutual Fund (Pag-IBIG Fund) and PayMaya formally signed its partnership agreement to offer digital payment options for Pag-IBIG Fund members online and through the agency’s branch channels, delivering greater convenience and accessibility to its members nationwide. Present during the signing ceremony at the Pag-IBIG Fund Head Office in Makati City were (from left) ), Pag-IBIG Fund OIC – Support Services Cluster and Chief Legal Counsel Atty. Robert John S. Cosico, Pag-IBIG Fund CEO Acmad Rizaldy P. Moti, PayMaya Founder and CEO Orlando B. Vea (2nd from right (leftmost), and PayMaya COO and Managing Director Paolo Azzola (rightmost).
All these channels complement the existing bills payment section in the PayMaya mobile app that already allows for in-app payments of Pag-IBIG Fund transactions for millions of PayMaya and Smart Padala by PayMaya customers.
PayMaya is the only digital financial services company with an integrated suite of solutions for consumers and merchants complemented by the widest remittance partner agent network. It is the financial technology arm of Voyager Innovations, the leading technology company in the country backed by PLDT, KKR, Tencent, World Bank’s IFC, and the IFC Emerging Asia Fund.
Its “one payment platform” enables the country’s top eCommerce sites, major retail and quick-service restaurants, government institutions, as well as MSMEs, allowing them to accept multiple kinds of cashless payments.
Making Pag-IBIG services more convenient
“With this partnership, our members now have an even wider range of options whenever they need to transact with Pag-IBIG Fund. For those who don’t want to leave their homes or offices, they can pay conveniently online. Overseas Filipino Workers would also be able to have easier access to payment options through our website powered by PayMaya. This is our way of bringing our services one convenient step closer to Pag-IBIG Fund members, wherever they may be,” said Acmad Rizaldy P. Moti, Chief Executive Officer of Pag-IBIG Fund.
Customer convenience and government efficiencies
“We are glad that government agencies like Pag-IBIG Fund are embracing digital payment technologies to help bring convenience to all Filipinos. We at PayMaya are proud to be the partner of Pag-IBIG in delivering more accessible public services, which is in line with our goal of digital and financial inclusion for the Philippines,” said Orlando B. Vea, Founder and CEO of PayMaya Philippines.
By equipping government agencies with digital payment options, PayMaya is also helping the Bangko Sentral ng Pilipinas achieve its goal of transforming 20% of all transactions in the country to digital by the year 2020.
To know more about the digital payment products and services offered by PayMaya to businesses and enterprises, visit business.paymaya.com. (Press Release)
