PayMaya and the Development Bank of the Philippines (DBP) are transforming the countryside with digital payments through an expanded partnership.
With this initiative, DBP will be able to provide PayMaya’s end-to-end digital payment solutions to its partners in the public sector such as national government agencies, local government units (LGUs), water districts, electric cooperatives, as well agricultural and industrial enterprises, including small and medium-scale businesses.
PayMaya, through DBP, will be enabling these institutions and enterprises with the means to accept any credit, debit, and prepaid card or e-Wallet for both online and physical locations. With this initiative, more Filipinos across the country can experience safer and more convenient transactions when settling their dues and taxes at their LGUs, local utilities, and businesses.
Before this expanded partnership, PayMaya, through DBP, has worked together to power the digital payments for the Department of Foreign Affairs (DFA), Tourism Infrastructure and Enterprise Zone Authority (TIEZA), as well as the local government units of Pasig City, Valenzuela City, Naga City, and Zamboanga City.
DBP is the country’s pre-eminent development financial institution and the sixth largest bank in terms of assets. It provides credit support to four strategic sectors of the economy — infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.
