PayMaya can now receive US-based cash remittances from MoneyGram
PayMaya has recently partnered with MoneyGram to allow OFWs based in the US to send their cash remittances to their loved ones via PayMaya.
OFWs who are in the United States may use the MoneyGram’s website or mobile app and send money to their families with PayMaya Visa account. The transaction will be hosted via Visa’s real-time push-payment solution, Visa Direct. The sender should know the receiver’s 16-digit Visa physical or virtual card number to enjoy this new feature.
PayMaya users may also use their Visa card to shop online or in-store, or buy load, pay their bills, settle government dues, and send money to other PayMaya users or Smart Padala centers nationwide through the PayMaya app.
The latest initiative aims to make cross-border remittances efficient and hassle-free. According to Bangko Sentral ng Pilipinas, 40% of the total remittances of the country comes from the USA. Last year’s remittances from the US amounted to USD 11 billion.
“We are glad to offer yet another convenient way for PayMaya account holders across the country to quickly and conveniently receive funds from their loved ones in the United States through our partnership with MoneyGram and Visa. As cashless becomes the default for most, Filipinos can now experience safe and convenient ways to receive funds and transact even while at home through this service using their PayMaya app,” said PayMaya president Shailesh Baidwan.