PayMaya expands loading network to 27,000 channels

PayMaya has widened the avenues where users can load their mobile wallets.

In a statement, PayMaya said it now had over 27,000 channels nationwide, including banks and a fintech partner.

Users can transfer up to P50,000 a day from their bank accounts using Instapay, the electronic money transfer platform of the Bangko Sentral ng Pilipinas.

Partners are Asia United Bank, Bank of Commerce, BDO Unibank, China Bank Savings, China Bank, Dungganon Bank, EastWest Bank, Equicom Savings Bank, GCash, Land Bank of the Philippines, Malayan Bank Savings and Mortgage Bank, Maybank, Metrobank, PBCOM, Philippine National Bank, PSBank, PNB Savings Bank, RCBC Savings Bank, RCBC, Robinsons Bank, Security Bank, Sun Savings Bank, UnionBank, and UCPB.

PayMaya users can also add money through digital payment and services platforms such as GPRS-Unified, Digipay, Posible.net, Sendah and Philtech, the statement showed.

“With over 27,000 touch points nationwide, PayMaya now has the widest network of Add Money channels among all digital wallets available today, which means that no matter where you are or what fund source you may have, paying using PayMaya is now made more convenient than ever,” said Kenneth Palacios, director and head of wallets business at PayMaya Philippines.

“As we work to build more cashless communities nationwide, having convenient Add Money channels available—whether online for those who have bank accounts or in partner stores for those in far-flung areas—is the first step toward enabling Filipinos to gain access to the growing digital economy,” he added.

PayMaya was developed by PLDT Inc.-backed Voyager Innovations. To accelerate the expansion of cashless transactions and other digital fintech solutions, Voyager accepted new investors last year such as China’s Tencent and US-based KKR.