PayMaya has recently collaborated with leading online payment platform, PayPal. The collaboration meant that users can withdraw their PayPal funds with their PayMaya account. As a special bonus, 80 percent off the withdrawal fee was given to users who transfer their PayPal balance to their PayMaya account until December 21, 2016. This partnership was done to help freelancers and online business owners to easily withdraw payments that they receive. A number of freelancers have already benefited from this collaboration.
“I receive payments from my clients overseas using PayPal and I am glad with the many benefits that come with linking it to my PayMaya account. I don’t have to experience the hassle of withdrawing my funds through other financial touch points, which require me to travel farther and wait long. Whenever I need money, I just go to any Bancnet ATM and withdraw instantly using my PayMaya physical card,” said Catherine Quiambao, freelancer and founder of the blog, freelancing.ph.
“I rely on my PayPal funds for a lot of my basic needs. Since I can now link my PayPal to my PayMaya account, I can now directly pay my bills using the Pay Bills feature of my PayMaya app without taking time off, at the convenience of my home,” said Chino Chow, a Baguio-based DJ at K-Lite radio station and a freelance graphic artist.
The Philippines is marked as the country with the largest number of freelancers in relation to country population followed by India, USA, Bangladesh, and Pakistan. According to a World Bank Study released in June 2015, almost five percent of the country’s work force is registered as online outsourcing workers.
“At Voyager Innovations, we are committed to improving the lives of our users including freelancers and entrepreneurs by providing hassle-free, efficient, and reliable financial innovations like PayMaya. Our digital workforce drives the economy and they deserve a convenient channel to access their hard-earned funds. Our collaboration with the global payment leader PayPal aims to break platform barriers hindering our independent earners from realizing their full potential whether as a working individual or an online business,” said Orlando Vea, President and CEO at PayMaya Philippines and Voyager Innovations.
“PayPal has always been a strong supporter of freelancers and MSMEs, not just in helping them gain access to the 200+ markets via our global platform, but also through building relevant partnerships and collaborations that will make it easier and safer for them to move and manage their money. Our collaboration with PayMaya is a clear example of this. Through our years of working with freelancers and micro businesses, we understand the need for them to gain immediate access to payments and funds. This collaboration with PayMaya will provide them with another option to retrieve their money, and build on the convenience already offered by PayPal,” said Rahul Shinghal, General Manager for Southeast Asia, PayPal.