DIGITAL-payments provider PayMaya Philippines has rolled out mobile-payment technologies in over 350 business establishments enabled by Smart Wi-fi, as it continues to campaign for the use of cashless tech in the country.
PayMaya Philippines President Orlando B. Vea said his group has provided SmartSpots partner food parks with mobile point-of-sale terminals, allowing customers to swipe their Mastercard or Visa prepaid, debit, or credit cards to pay for goods.
“These are exciting times for mobile payments. We’re partnering with as many communities as we can, including SmartSpots merchant establishments. For cashless technologies to work, it’s important to build the ecosystem so we can drive critical volume,” he said.
In May PayMaya also started rolling out PayMaya Scan-to-Pay, the country’s first quantitative restrictions (QR) code-enabled mobile-payment system. The company continues to equip merchants in SmartSpot locations with QR code capabilities, allowing consumers to conveniently pay by simply scanning the QR codes of the merchant through their PayMaya app. QR code technology is not new, with many applications already in the market. What’s new for Filipinos is the payment integration capability brought by PayMaya Scan-to-Pay.
The PayMaya Scan-to-Pay delivery system provides important benefits for both merchants and consumers. For consumers, it makes for lesser errors and faster payments via smartphone. All the user has to do is to tap the scan button at the PayMaya app, point the camera at the QR code, and the merchant’s payments details are automatically filled, eliminating mistakes.
For merchants, all they have to do is to display the QR code at their store and they can start accepting mobile payments even without a point-of-sales terminal.
“PayMaya fully complements our SmartSpots areas as payments complete the circle of the digital life already enabled by the speed of Smart Wi-fi access and commerce. We’re making people experience cashless transactions like never before,” Smart Communications Inc. Assistant Vice President Gabby Cui said.
PayMaya is the only app-first and card-first payment solution in the Philippines. It is a subsidiary of PLDT Inc.