Depositors of the Bank of the Philippine Islands (BPI), one of the country’s largest banks, may now instantly Add Money to their PayMaya accounts using the online and mobile banking facility of the bank as PayMaya makes it even more convenient for Filipinos to do digital transactions online and in stores.
This further extends the reach of PayMaya to more online and on-premise Add Money channels nationwide, which now counts more than 40,000 touchpoints all across the country–including through more than 30 local banks via Instapay, payment kiosks, business centers in malls, convenience centers, and Smart Padala centers, among many others.
To encourage more Filipinos to utilize this channel for adding money to their accounts, PayMaya is making transfers via BPI free of charge until further notice. This is in support of the Bangko Sentral ng Pilipinas’ goal of transforming 20% of transactions in the country to digital by 2020.
“This makes adding money to your PayMaya account not just more convenient but also accessible to most BPI account holders, because it’s free. With BPI having one of the country’s largest user base, more Filipinos will be able to gain access to the digital economy through this partnership,” said Kenneth Palacios, Director and Head of Wallets Business at PayMaya.
Widest touchpoint network for financial services
To add money to their PayMaya account via BPI, account holders simply have to go to the Payments/Load section in BPI’s online banking portal or its newly updated app, chose “Load E-Wallet” and pick PayMaya as an option.
After this, they only have to enter the mobile number linked to their PayMaya account and the amount they wish to transfer and the money will be credited to their PayMaya wallet in just a few seconds.
PayMaya “Add Money” touchpoints available nationwide also include Smart Padala by PayMaya
For the full list of Add Money touchpoints available nearest you, visit PayMaya.com/addmoney-
PayMaya, the digital financial services arm of Voyager Innovations, is the only FinTech company in the Philippines offering integrated consumer and merchant payment solutions with the widest on-ground branch network. It is the first to give millions of Filipinos an e-wallet that allows them to pay cashless transactions at any time of the day, anywhere in the world, and from any device.
Meanwhile, PayMaya Business, Voyager’s merchants business arm, is the largest payments processor, enabling universal payment acceptance for all merchants, from street vendors to top 1,000 corporations. Smart Padala, Voyager’s remittance business, holds the largest remittance network with over 27,000 agents serving as the lifeblood of grassroots communities across the country.
Voyager Innovations is backed by PLDT, KKR, Tencent, and World Bank’s IFC. Last November, it raised the largest tech funding round for a Philippine-based company. To know more about PayMaya, visit www.paymaya.com.
I am Karina Ramos, a mom of three amazing kids. I am fascinated with almost every aspect of life, especially technology.