Cashless Payments In PUVs Now Made Possible With PayMaya
The popular e-wallet provider, PayMaya and the Department of Transportation (DOTr) together with the Land Transportation Franchising and Regulatory Board (LTFRB) have collaborated to make cashless transaction possible in our daily commute. This initiative is part of the measure to combat the transmission of COVID-19 in the country.
According to PayMaya President Shailesh Baidwan, PayMaya will utilize its “end-to-end digital financial services and solutions” to enable contactless payments through card or e-Wallet payments inside public transportation vehicles, hubs or terminals, gas stations, and delivery services.
He recalled the DOTr and the LTFRB calling PayMaya to help deploy cashless payments in transportation back in May, and they worked quickly with their partners to provide the two government agencies with the necessary solutions and technologies to make this happen.
Baidwan enumerated the digital payments solutions they’ve enabled for the entire transportation chain:
- Commuters – the commuting public can easily top-up their beep cards by purchasing credits through the PayMaya app. They can also scan-to-pay in PayMaya QR-enabled vehicles or pay using their credit, debit, or prepaid card in transport service providers that have PayMaya terminals.
- Transportation service providers – PayMaya is enabling the likes of UBE Express (P2P and Airport shuttle services), hirna and EKR Taxi (taxi services), as well as Hype (TNVS) to allow them to accept card and QR payments in vehicles or when commuters book through their apps or websites.
- Transit hubs – the Araneta City Bus Port has engaged PayMaya since a few years ago to offer QR and card payments in its hub and through its website.
- Petroleum providers -Petron, Shell, SEAOIL, Unioil, Cleanful,RePhil, and other major fuel retailers have adopted PayMaya’s services 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, the Bureau of the Treasury and PayMaya have formally signed an agreement that will soon allow cashless payments powered by PayMaya for motor vehicle registrations and renewals through the LTO website.
He further revealed taht they are currently in talks with air and water transport providers to further expand cashless payments to other transportation hubs.