MANILA, Philippines – PayMaya Philippines, the digital financial services unit of PLDT Incorporated and Smart Communications Incorporated, has partnered with Uber Technologies Incorporated to give “uncarded” commuters a cashless payment option for their Uber rides.
PayMaya announced on Tuesday, June 14, that it has entered into a partnership with Uber that will allow Filipino commuters to experience the ride-sharing service’s cashless payment transaction even without a credit card.
Through the partnership, commuters can now link their virtual PayMaya Visa account to their Uber account via the Uber application.
“Today, PayMaya has once again changed the game for digital payments by pioneering a unique partnership with Uber. Filipinos who do not have credit cards will now have a chance to experience Uber and the ease of cashless transportation,” PayMaya Philippines president and CEO Orlando Vea said in a statement.
PayMaya said consumers need to download the PayMaya application from Google Play or App Store and register to get a 16-digit PayMaya virtual Visa account that can immediately be topped up and used for digital transactions.
Laurence Cua, general manager of Uber Philippines, said: “PayMaya and Uber share the same vision of reliable services for all. For Uber, it’s reliable transportation everywhere, for everyone.” (READ: Uber brings carpooling service UberHOP to Manila)
Aside from the mobile app, PayMaya customers can also choose to have their own PayMaya physical prepaid card which can be used in brick-and-mortar stores worldwide that accept Visa.
A variant also comes with its own Beep wallet, allowing users to ride the Metro Rail Transit and Light Rail Transit for their daily commute. Users who upgrade their PayMaya account can use their PayMaya for peer-to-peer money transfers and ATM withdrawals.
Since its launch in 2014, Filipinos have found Uber to be an innovative transport alternative, even if credit card penetration remains at a low 7% of the population, according to the Credit Card Association of the Philippines.
While Uber has been accepting cash transactions since late 2015, the partnership with PayMaya will allow consumers to enjoy the digital convenience that both services offer.
There are over 15,000 PayMaya reloading stations nationwide – including SM Malls Business Centers, Robinsons Malls Business Centers, Bayad Centers, 7-Eleven stores with Cliqq kiosks, TouchPay Kiosks, and Smart Padala Centers, on top of online banking via BDO.
Promo code for first-time users
For PayMaya users who take their first Uber trip from June 10 to July 10, they will get 50% off on their ride when they use the promo code PAYMAYAxUBER.
The promo is valid for both Black Car and UberX rides in Metro Manila and Cebu. To avail of the promo, PayMaya users need to have at least P300 in their account.
PayMaya is powered by Visa and regulated by the Bangko Sentral ng Pilipinas to ensure all user transactions are secure.
Aside from being the first non-financial institution in Asia to be granted an issuing and acquiring license by Visa, PayMaya Philippines also counts MasterCard as its partner. – Rappler.com