PayMaya touchpoints 6x larger vs banks

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    PLDT Inc.’s digital financial service arm PayMaya Philippines said its on-ground and digital touchpoints is six times larger compared to banks currently operating across the country.

    PayMaya said it has expanded its footprint to reach over 200,000 touchpoints nationwide, the largest network in the country to date as compared to 12,371 bank branches and 22,162 ATM terminals currently operating across the country.

    With this, PayMaya said its account holders need not travel very far to city centers as its unrivaled on-ground network of over 37,000 Smart Padala partner agent touchpoints serve as last-mile financial hubs, enabling lifeline transactions amid the coronavirus disease 2019 (COVID-19) quarantine restrictions.

    Smart Padala agents are present even in the farthest reaches of the country, covering over 92 percent of all cities and municipalities nationwide.

    In a country where banking presence is limited to only 69 percent of all cities and municipalities, Smart Padala agents are connecting unbanked and underserved Filipinos to the digital economy, offering remittance, bills payment, add money, cash out and scan-to-pay transactions, PayMaya said.

    Through its app and wallet, PayMaya provides over 28 million Filipinos with access to financial services. Customers can pay, add money, cash out or remit through its over 200,000 digital touchpoints nationwide. – Myla Iglesias