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Did you know that the Philippines is one of the early adopters of digital payments? That’s right! According to a 2019 report by the Better Than Cash Alliance, digital payment platforms were launched in the country as early as 2001.
However, it took a while before Filipinos began to truly appreciate the benefits of digital payments. A 2015 diagnostic published by the same organization estimated that only 1% of payments were made online, or about 26 million out of 2.5 billion payments made per month. The Bangko Sentral ng Pilipinas aims to increase this percentage to about 20% by 2020. Once the adoption reaches this figure, it’s estimated that the Philippines will see faster adoption growth.
With PayMaya’s “Bills Pay” feature, users can settle their dues in a few taps. PayMaya has fostered partnerships with some of the top utility providers in the country, including Smart, PLDT, Cignal, Manila Water, and Maynilad and government agencies like the Social Security System and the Department of Foreign Affairs. This means that the clients of these organizations can pay their bills without using cash.
One of PayMaya’s biggest payment partners is the Manila Electric Company or Meralco. The company is the sole electric power distribution company in Metro Manila, and it services 22 cities and 89 municipalities within and around the National Capital Region. This means that there are millions of residential, commercial, and industrial clients who visit payment centers like banks and Meralco Business Centers every month to pay their electricity bills.
Paying your Meralco bill through PayMaya eliminates the inconvenience of lining up. This saves you a lot of time, giving you more hours to do other tasks. To pay your Meralco bill using PayMaya, simply install the app and create an account, then follow these steps:
Use the PayMaya app and see for yourself why more and more Filipinos are opting to go cashless when paying their monthly bills or carrying out everyday financial transactions. Download the app on iOS or Android today.
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