By Rizal Raoul Reyes
Global digital payments firm PayPal has launched its business app in the Philippines to allow small firms and freelancers to manage their transactions wherever their business takes them.
The PayPal Business App allows merchants to review transactions, check balances in all currencies, send customized invoice to clients, track unpaid accounts, and streamline their communications with clients at any time and place. Interested users can simply download the app in the Android and Apple stores and sign up through their existing PayPal Business accounts.
“PayPal has always been supportive of freelancers and micro, small, and medium enterprises (MSMEs) in Southeast Asia, ensuring that our customers get the best tools to move and manage their money seamlessly as they take charge of their cross-border businesses. The launch of the PayPal Business App is testament to that,” said Rahul Shinghal, general manager for PayPal Southeast Asia in the press launch held in Makati City.
Mobile freelancers and MSMEs can also choose to use PayPal.Me for Business to get paid online. PayPal.Me for Business is a personalized unique link that sellers and freelancers can send to their customers. The link is instant and can be sent from any device on any platforms including text message, e-mail, instant messenger and social media platforms.
Meanwhile, PayPal’s Freelancer Community Program — which was also launched at the same as its Business App — is expected to empower Filipino merchant subscribers by allowing them to access to a wide network of 210 million active users from more than 200 markets around the world.
The Philippines has substantial number of freelancers, which according to the Department of Information and Communication Technology is around 1.5 million.
As a result, the Philippines has become a a major hub for freelance work because of its enormous talent pool, technology-savvy demographic, and an upbeat business community, Leanne Sheraton, vice president of marketing for PayPal Asia Pacific, said.
PayPal’s new offerings will help MSMEs scale up their businesses and services through increasing their access to the 3Ms: Money, Markets, and Mentorship.