PayMaya, one of the country’s leading digital payment systems, has made it easier for budding businesses in the Philippines to enter the e-commerce industry by way of expanding its online services.
Through its PayMaya Checkout plug-in, the company helps merchants transition into the online selling platform. The service works by enabling sellers to accept and process payments from credit and debit cards directly from their e-commerce website – be it hosted by Shopify or WooCommerce.
Meanwhile, for those who have yet to set up their e-commerce web page, PayMaya offers an alternative through its digital invoicing solutions, specifically Digital Invoice and Digital QR.
Apart from offering faster payment options, PayMaya has also ventured into the virtual mall industry, which it launched back in February of this year.
The new e-commerce platform enables its partner merchants to gain exposure without additional cost.
During its launch, PayMaya’s Head of Growth, Marketing, and Partnerships Mark Jason Dee said the e-commerce mall will help local businesses bounce back from the effects of the pandemic.
“The PayMaya Mall is also our way of helping local businesses bounce back from the effects of the pandemic because there’s no extra cost for merchants to be included in the PayMaya Mall,” Dee said.
In 2020 alone, the company recorded a 500% year-on-year growth, particularly in its transaction count and payment volume. It also registered a 400% growth when it comes to business online payment gateway usage.
PayMaya – launched in 2007 and was formerly known as Smart eMoney – boasts 28 million users nationwide.
The company’s app is available both on Android and iPhone devices.
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