PayMaya Philippines Inc. on Thursday unveiled a virtual mall that offers one-stop-shop experience with the biggest and most trusted merchant partners.
Through PayMaya Mall, mobile shoppers can check out and buy from more than 100 merchants accepting PayMaya as a payment method within the PayMaya app, an experience that is akin to browsing shops and merchant stalls in physical malls.
“Mall shopping is so ingrained in Filipino popular culture and the COVID-19 pandemic has drastically affected not just consumers but also, the growth of retail merchants. With the PayMaya Mall feature embedded in our app, we aim to reinforce our commitment to boost e-commerce and digital payments in the Philippines, supported by the full force and strength of our unique ecosystem,” said Shailesh Baidwan, president of PayMaya.
“With this initiative, we are bringing our partner merchants closer to our more than 28 million customers nationwide. Consumers, on the other hand, can get their regular shopping done from the convenience and safety of their own homes while enjoying exclusive perks and rewards—all through the PayMaya app,” he said.
Among the biggest brands in the food, retail, pharmacy, grocery and fashion industries that are already present in the PayMaya Mall are Jollibee, McDonald’s, Goldilocks, Rustans, Park Outlet, Mercury Drug, Rose Pharmacy, Landers, All Home, and Boozy. More brands are coming soon as PayMaya taps into its network of over 116,000 merchant touchpoints.
As the only financial technology company in the Philippines providing end-to-end digital payments solutions for all with its acquiring, wallet, and remittance network businesses, PayMaya is uniquely positioned to bring consumers and merchants together via a one-stop digital destination that can help them gain more value from buying and selling online.
Through its enterprise business, PayMaya is the leading acquirer and payment processing partner of everyday merchants and the largest e-commerce players in the Philippines today, empowering them to accept all kinds of digital payments, including cards and e-Wallets, via their online and physical retail channels.
PayMaya processed over P95 billion worth of online shopping transactions in 2020, helping push the share of digital payments for e-commerce past 50 percent versus cash in 2020, based on industry estimates.
“With our push towards embedded commerce within the PayMaya app, we aim to help foster the growth and recovery of local businesses. At the same time, we are offering a more convenient and rewarding shopping experience to all our PayMaya users,” said Mark Jason Dee, head of growth marketing and partnerships of PayMaya.
PayMaya Mall is another pioneering innovation from PayMaya that aims to boost e-commerce transactions in the Philippines.