In line with the government’s call to boost financial inclusion in the country and for more efficient delivery of public services to citizen beneficiaries, the Development
Bank of the Philippines has chosen PayMaya Philippines Inc. as digital financial services partner for its assistance program that aims to help farmers improve their livelihood and productivity.
Under the program, farmer beneficiaries will be able to receive payments for their produce, as well as disbursements from cash assistance from DBP-partner local government units and organizations through their PayMaya-powered ID cards.
PayMaya will also be providing the cashless disbursement platform to the partner organizations.
To complete the digital financial ecosystem, PayMaya will enable more businesses, especially in retail, food, fuel and utility industries that cater to farmers and their families to accept emerging cashless payment options, including PayMaya Quick Response.