Philippines’ Transportation Sector Seeks to Go Cashless

Aug 2020

PayMaya, the Philippines’ only end to end digital payment solutions provider, aims to fully digitalize the entire transportation chain with the support of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB). This is to contain the spread of Covid-19 which is often associated with handling of cash payments.

The collaboration will cover all transportation ecosystem from the commuters to local public transport vehicles, hubs/terminals, gas stations, delivery services, among others. PayMaya will provide commuters with access to cashless payment options through credit, debit, prepaid cards or via tap-to-pay or QR technology. For transport enterprises, PayMaya will offer its PayOut disbursement solutions so that operators can easily and directly distribute the salaries of the drivers to their PayMaya accounts.

Since May 2020, when the DOTr and LTFRB called on the transportation stakeholders to go cashless, and PayMaya has been engaging its partners to utilize their technology. Among the service providers that adopted its solutions include:

  • Transport service providers – like UBE Express (P2P and Airport shuttle services), Hirna and EKR Taxi (taxi services), as well as Hype (TNVS) to allow them to accept payments via card and QR scan in vehicles or when booking through its apps or websites.
  • Transit hubs – the Araneta City Bus Port has engaged PayMaya to offer QR and card payments in its hub and through its website.
  • Petroleum providers – like Petron, Shell, SEAOIL, Unioil, Cleanfuel, RePhil, and other major fuel retailers which have adopted the PayMaya One all-in-one Point-of-Sale device to offer contactless payments in gas stations using card or e-Wallet apps.
  • Delivery services – PayMaya is helping process card transactions for Lalamove and other delivery providers for cashless payments when booking a delivery.
  • Government agencies – The Land Transportation Office (LTO), the Bureau of the Treasury (BTr) and PayMaya have formally signed an agreement that will allow cashless payments powered by PayMaya for motor vehicle registrations and renewals through the LTO website.

PayMaya is also in talks with air and sea transport providers to accept cashless payments as well.

(Source: GMA News, Manila Bulletin)

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