PayMaya is enabling contactless and cashless payment solutions for mass transportation operators in the Philippines.
The full ecosystem solution covers public transit, transport hubs, gas stations, and delivery services, among others, and 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.
PayMaya will provide its transportation partners end-to-end digital financial services and solution that will allow commuters to use cards or e-Wallet payments either inside vehicles, in transportation hubs, or through their various digital and mobile channels.
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The entire transportation chain will be powered by PayMaya’s digital payments solutions:
- Commuters – the commuting public can top-up 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.