PayMaya Philippines Inc. said over the weekend it expanded its footprint to over 200,000 touch points nationwide, the largest in the country.
“As PayMaya continues to lead the push towards cashless for all Filipinos, it is important for us to provide them with the most expansive and reliable on-ground channels that allow them to do safe and convenient financial transactions, no matter where they are in the country,” said PayMaya president Shailesh Baidwan.
“We have built this robust ecosystem of touch points to help ensure that there are easily available and trusted avenues for our customers to add, transact, or move money for all their day-to-day needs,” he said.
PayMaya’s touchpoints include convenience stores, retail merchants, groceries, department stores, food outlets, pawnshops and Smart Padala centers.
PayMaya said account holders need not travel very far to city centers as PayMaya’s unrivaled on-ground network of over 37,000 Smart Padala partner agent touchpoints serves as last-mile financial hubs, enabling lifeline transactions amid COVID-19 quarantine restrictions.
PayMaya said its network of on-ground and digital touch points is six times larger than the combined 12,371 bank branches and 22,162 ATM terminals operating across the country.
Smart Padala agents are also present in the farthest reaches of the country, covering over 92 percent of all cities and municipalities nationwide.
It said that in a country where banking presence is limited to only 69 percent of all cities and municipalities, Smart Padala agents are connecting unbanked and underserved Filipinos to the digital economy, offering remittance, bills payment, add money, cash out and scan-to-pay transactions.
PayMaya also taps into its network of trusted enterprise merchants, including MSMEs using its PayMaya Negosyo app for payment acceptance.
PayMaya is the only end-to-end digital payment ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants, communities and government.
It is also the largest digital payment processor for key industries in the country including “everyday” merchants such as the largest retail, food, gas, and eCommerce merchants as well as government agencies and units.
PayMaya provides over 28 million Filipinos with access to financial services.