By Manila Bulletin
PayMaya is leading the way as the online payment gateway of choice for businesses of all types and sizes in the Philippines. Through its easy-to-use and accessible online payment gateway solution PayMaya Checkout, it has enabled faster transition to cashless transactions for businesses going into e-Commerce.
It also offers readily available plug-ins for businesses already using e-Commerce sites such as Shopify and WooCommerce. For businesses that have yet to set-up their own e-Commerce sites, PayMaya provides easy-to-use digital invoicing solutions using payment links.
With many businesses shifting to online as way of coping and thriving during the pandemic, PayMaya registered over 500% year-on-year growth in 2020 both in transaction count and payment volume for its online payment gateway solutions. It also saw the number of businesses using its online payment gateway increase by over 400% year-on-year for 2020.
On top of being the online payment gateway of choice, PayMaya is the largest non-bank acquirer in the Philippines, processing payments for the biggest “everyday” merchants, including e-Commerce sites, quick services restaurants, groceries, retail, gasoline and transportation, utilities, as well as small and medium size enterprises embracing online sales channels.
“The exponential shift to digital has seen many consumers and businesses go online to avail of essential, day-to-day products and services. Our online payment gateway solutions are making it easier for businesses to swiftly ride this wave. Combined with our end-to-end suite of payment solutions, including payment acquiring and face-to-face acceptance, we hope to continuously propel this shift and support the growth of the digital economy,” said Shailesh Baidwan, PayMaya President.
PayMaya has been powering the next wave of e-commerce in the Philippines as more businesses are building their presence online alongside enabling physical payment acceptance touchpoints. It is also connecting its partner merchants to its over 28 million PayMaya app users via the PayMaya Mall feature. Through the PayMaya Mall, consumers get to easily discover the best deals and get cashback from promotions. Since its launch in February, PayMaya Mall has served as a gateway to some 200 of the biggest merchants in grocery, food, and retail categories.
All these efforts are part of PayMaya’s thrust in promoting greater financial inclusion by enabling more Filipino businesses to go digital on the platform.
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