Thursday, August 20, 2020

PayMaya to Offer Cashless Payments to Transport Sector


In response to the government’s call for contactless and cashless solutions for the transport sector, PayMaya is now enabling operators of various modes of mass transportation in the country with its advanced end-to-end payment platforms.

The full ecosystem solution covering public transit, transport hubs, gas stations, and delivery services, among others, supports the mandate of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for transportation service providers to accept contactless payments in public transit to limit the spread of the virus causing the COVID-19 disease.

Through its end-to-end digital financial services and solutions, PayMaya is enabling its transportation partners to accept contactless payments through card or e-Wallet payments either inside vehicles, in transportation hubs, or through their various digital and mobile channels.

PayMaya has enabled the entire transportation chain with digital payments solutions:
  • Commuters - the commuting public can easily top-up their beep cards by purchasing credits through the PayMaya app. They can also scan-to-pay in PayMaya QR-enabled vehicles or pay using their credit, debit, or prepaid card in transport service providers that have PayMaya terminals.
  • Transportation service providers - PayMaya is enabling the likes of UBE Express (P2P and Airport shuttle services), hirna and EKR Taxi (taxi services), as well as Hype (TNVS) to allow them to accept card and QR payments in vehicles or when commuters book through their apps or websites.
  • Transit hubs - the Araneta City Bus Port has engaged PayMaya since a few years ago to offer QR and card payments in its hub and through its website. 
  • Petroleum providers - the likes of Petron, Shell, SEAOIL, Unioil, Cleanfuel, RePhil, and other major fuel retailers have adopted the PayMaya One all-in-one Point-of-Sale device to offer contactless payments in gas stations using card or e-Wallet apps. 
  • Delivery services - PayMaya is helping process card transactions for Lalamove and other delivery providers for cashless payments when booking a delivery.
  • Government agencies - The Land Transportation Office, the Bureau of the Treasury and PayMaya have formally signed an agreement that will soon allow cashless payments powered by PayMaya for motor vehicle registrations and renewals through the LTO website.
Additionally, PayMaya is also in talks with air and water transport providers to empower them with cashless payments acceptance as well. By using cashless payment solutions for their services, these companies are able to reduce the spread of the virus often associated with cash-handling.

Transportation providers and companies interested to know more about PayMaya's solutions for the sector may email transportation@paymaya.com.

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