The Social Security System (SSS) yesterday signed a memorandum of agreement with digital financial services provider PayMaya Philippines to allow its members to conveniently pay their contributions through the latter’s mobile app.
Under the agreement, individual members of the pension fund such as self-employed, voluntary members and overseas Filipino workers can now pay their contributions using their PayMaya account or any Visa, Mastercard or JCB credit, debit or prepaid card.
In the next phase, PayMaya will accept employers’ contributions and salary loan payments.
Aurora Ignacio, SSS president, and Orlando Vea, PayMaya Philippines chief executive officer, signed the agreement, making PayMaya one of the 85 accredited collecting and paying partners of SSS, 35 of which are already Real-Time Processing of Contributions system compliant.
“The public has been very much aware that we have been exerting all efforts to make SSS transactions hassle-free through our gradual shift to the digital platforms. This is one of our options to eliminate long queues in automated teller services in branches and other accredited partner agencies. In just one tap on your mobile phones, your contribution payments are remitted to the SSS,” Ignacio said.
“We are excited to see SSS join and lead the digital club among government agencies. This will bring us at PayMaya closer to our ambitious goal of enabling P1 trillion worth of digital transaction in the Philippines by 2023,” Vea said.
PayMaya is providing its universal payments platform to SSS to allow it to accept PayMaya as well as all card and mobile wallet payments through its mobile app and soon in its other online channels and branches.
For those without a card, they can sign up for a PayMaya account by downloading the PayMaya app on their iOS or Android devices and use the mobile number associated with their account when they pay via the SSS mobile app.
SSS members who will use their PayMaya accounts or their debit and credit cards to pay their contributions can download the SSS Mobile App in Google Play Store, Apple App Store or Huawei App Gallery.
They can log-in using their existing My.SSS account user ID and password, and generate their payment reference number or statement of account in the SSS Mobile App by clicking the “Generate PRN/SOA” icon.
Aside from PayMaya, SSS members may pay their contributions conveniently thru online transactions offered by partner-banks and other collection partners. The official list of online payment channels is available at the SSS website.