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Ultimate Guide to Safe, Secure Cashless Transactions w/ PayMaya

Dec 2, 2020 5:56:00 PM

Cashless transactions might seem like a new concept, but it has actually been at play since the 17th century. This was when cheques started to become a more popular form of bills exchange in England. What truly paved the way for cashless transactions, however, was the invention of the credit card in the 1950s and the debit card in the 1960s.

The usage of these kinds of cards picked up in the 1990s and in the early 2000s, the concept of electronic banking started to gain ground. By the 2010s, digital payment methods were commonplace around the world. In the Philippines, it marked the rise of e-wallets.

Today, more and more Filipinos are adopting e-wallets—and thus, cashless transactions. PayMaya, for instance, has recorded a combined 8 million users in 2018 alone and is targeting a 40 million user-based by 2023.

It’s easy to see the appeal of e-wallets and the cashless lifestyle to Filipinos. For one, it’s extremely convenient. In a country troubled with traffic woes, going to payment centers or banks can take longer than necessary. Using an e-wallet like PayMaya can cut down travel time, which can go a long way towards improving productivity. You can even use the extra hours to rest or engage in a hobby.

Another benefit of going cashless is its speed. Apart from avoiding long queues, it’s also faster to simply get your phone to scan a QR code than to get your wallet and count bills. Of course, thanks to continuously evolving technology, cashless transactions are safer and more secure than ever.

That said, there are still many who haven’t fully maximized their PayMaya accounts. If you’re among them or if you want to discover how you can more fully embrace cashless transactions, below is a helpful guide.

Sending Money Digitally

One of the most-used features of PayMaya is the “Bank Transfer” feature, which makes it easier for millions of Filipinos to send and receive money. Sending money digitally is certainly more convenient and faster than going to bank branches, not to mention eco-friendly as well. That’s because you not only minimize travel, you also do away with multiple paper forms.

What’s great about PayMaya is that you can send and receive money in real time, whether or not you have a bank account. This means that embracing the cashless lifestyle is more accessible. Here are just a few ways that you can see it daily:

Paying for Online Purchases

Another popular facet of cashless transactions is online shopping. Some people find cash on delivery convenient, but paying for your online purchases is actually more expedient. It’s faster and more secure, not to mention safer due to limited physical contact with the delivery personnel. Thus, to fully embrace the cashless lifestyle, it’s a good idea to use PayMaya for online shopping.

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Doing Cashless In-Store Payments

PayMaya and cashless transactions aren’t limited to the digital space. You can also use it to make purchases and payments when you’re shopping the “old school” way. Below are just some of the ways you can go cashless in-store.

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Settling Bills and Fees Digitally

A lot of PayMaya users often get the app for the bills payment function. It’s not a big surprise, considering that paying bills can be a time-consuming task. It’s not just the usual utility bills that you can pay with PayMaya, however. Below, you’ll see how much farther you can take cashless transactions when it comes to settling bills and fees. 

Staying Connected with Mobile Load and Data Packages

Now more than ever, it’s important to stay connected and keep in touch with your loved ones. Not only will you be able to stay informed, but you can also help ease worries, reassure, and provide comfort through effective communication. All of these can be made possible by PayMaya, thanks to discounted mobile load and data packages that you can purchase directly from the app.

Claiming Remittances and Money Transfers

A cashless lifestyle also extends to claiming remittances, paying loans, and the like. The good thing is that PayMaya has partnerships with reliable names in the industry to ensure that your money reaches the intended recipient.

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Receiving Aid from the Government

Slowly but surely, the Philippine government is adopting cashless technology like PayMaya not just to accept payments but also to extend their services to those in need. It’s an expedient solution, especially if the recipient isn’t always able to visit banks or government offices.

Buying Gaming Pins

Gaming is on the rise! E-sports, in particular, is gaining a lot of traction. Of course, there’s also a lot of casual gamers who play for fun. With PayMaya, gaming becomes even more exciting through in-game purchases and the chance to purchase more titles.

Paying for Your Health Needs

As the age-old adage goes, health is wealth. This was underscored even more when the COVID-19 pandemic struck. The good thing is that with PayMaya, you can embrace the cashless lifestyle without taking for granted your health needs. 

Receiving Online Payments

A lot of people use e-wallets to send and receive money for various purposes. What’s stopping you from using it as a payment hub for all your freelance jobs and other “sideline” projects?

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Fundraising

When people think of PayMaya and e-wallets in general, they probably imagine two main functions: paying bills and sending money to banks electronically. The thing is, PayMaya is so much more than that. You can also use it for noble causes such as raising funds for those in need.

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As you can see, there are so many facets of life where you can enjoy cashless transactions. Even better, with the help of PayMaya, going cashless is now more accessible. Try it if you haven’t yet and see just how much it can change the way you conduct your transactions for the better!

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Topics:How-To