PayMaya

From Wikipedia, the free encyclopedia

PayMaya
PayMaya Logo.png
Headquarters
Metro Manila, Philippines
Area servedPhilippines
Key people
Industry
ParentVoyager Innovations, Inc.

PayMaya Philippines, Inc. (formerly Smart e-Money, Inc.),[1] commonly referred to as PayMaya, is a Philippine financial services and digital payments company based in Metro Manila, Philippines.[2] It was founded in 2007.[3]

In 2016, PayMaya processed $1 billion in transactions.[4]

As of September 2021, it has 38 million registered users.[5]

Products[]

Mobile e-wallet[]

PayMaya's e-wallet allows person-to-person money transfer via an app. Services within the app also includes bills payment, prepaid load purchase, and local bank transfer.[6]

Smart Padala[]

First introduced in 2004 and formerly a separate remittance service of Smart Communications,[7] Smart Padala is a network of 55,000 partner agent touchpoints across the Philippines and serves as last-mile financial hubs in communities, providing the unbanked and underserved access to digital services.[8]

PayMaya Enterprise[]

PayMaya Enterprise enables businesses to accept digital payments, whether online or in-store.[9]

Maya Bank[]

PayMaya is planning to launch a fully digital bank after it was given a license to operate a digital-only bank on September 2021 by the BSP's Monetary Board.[10]

References[]

  1. ^ "Smart e-Money has a new home". smart.com.ph. April 14, 2014. Retrieved April 14, 2014.
  2. ^ "Pay fees via any prepaid, debit, credit card, or through PayMaya e-wallet". BusinessMirror. Retrieved September 22, 2021.
  3. ^ "PayMaya". Owler. Retrieved September 22, 2021.
  4. ^ Crisanto, Janine. "PayMaya serves the unbanked in the Philippines through the mobile app". The Asian Banker. The Asian Banker. Retrieved September 22, 2021.
  5. ^ "PayMaya hits 38 million registered subscribers". Philstar. Retrieved September 22, 2021.
  6. ^ "E-wallet app waives cash in fees for users". ABS-CBN News. Retrieved September 22, 2021.
  7. ^ "Smart Padala". Smart Communications. Archived from the original on August 26, 2017. Retrieved January 11, 2022.
  8. ^ "Western Union money transfers now available at a Smart Padala agent near you". Manila Bulletin. Retrieved September 22, 2021.
  9. ^ "PayMaya says it now has over 200k touchpoints nationwide". Business World. Retrieved September 22, 2021.
  10. ^ "PLDT unit secures digital bank license". Philstar. Retrieved September 22, 2021.
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