PAYMAYA TOUCHPOINTS NOW AT 200,000

Digital financial services company PayMaya has expanded its nationwide network allowing more users to access its services, pay bills and remit cash.

PayMaya said its reach had grown to 200,000 touchpoints— the largest in the country to date.

“As PayMaya continues to lead the push toward 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,” Shailesh Baidwan, president of PayMaya, said in a statement.

“We have built this robust ecosystem of touchpoints 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 added.

PayMaya said its total network was six times larger than the combined 12,371 bank branches and 22,162 ATM terminals currently operating across the country.

The company said these touchpoints included convenience stores, retail merchants, groceries, department stores, food outlets, pawnshops and Smart Padala centers.

Smart Padala agents alone number 37,000 and act as “last-mile financial hubs,”

PayMaya said.

“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 transaction,” PayMaya said. INQ