PayMaya Philippines Inc. has expanded its add money channels after teaming up with Bank of the Philippine Islands.
Depositors of BPI may now instantly add money to their PayMaya accounts using the online and mobile banking facility of the bank as PayMaya makes it even more convenient for Filipinos to do digital transactions online and in stores.
This further extends the reach of PayMaya to more online and on-premise Add Money channels nationwide, which now counts over 40,000 touch-points across the country–including through more than 30 local banks via Instapay, payment kiosks, business centers in malls, convenience centers and Smart Padala centers.
To encourage more Filipinos to utilize this channel for adding money to their accounts, PayMaya is making transfers via BPI free of charge until further notice.
This is in support of the Bangko Sentral ng Pilipinas’ goal of transforming 20 percent of transactions in the country to digital by 2020.
“This makes adding money to your PayMaya account not just more convenient but also accessible to most BPI account holders, because it’s free,” said Kenneth Palacios, director and head of Wallets Business at PayMaya.
“With BPI having one of the country’s largest user base, more Filipinos will be able to gain access to the digital economy through this partnership,” he added.
Account holders, to add money to their PayMaya account through BPI, simply have to go to the payments/load section in BPI’s online banking portal or its newly updated app, choose “Load E-Wallet” and pick PayMaya as an option.
They just have to enter the mobile number linked to their PayMaya account and the amount they wish to transfer and the money will be credited to their PayMaya wallet in just a few seconds.