PayMaya Philippines, the digital financial services unit of PLDT and Smart Communications, has entered into a pioneering partnership with ride-sharing app Uber.
The tie-up between PayMaya and Uber will allow more Filipinos to experience the ride-sharing service even without a credit card. The partnership is said to be the first-of-its-kind in Southeast Asia.
As a special promo for PayMaya users, who take their first Uber trip from June 10 to July 10, 2016 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 (Metro Manila and Cebu only). To avail of the promo, PayMaya users just need to have at least P300 in their account.
Through the partnership, consumers can now link their virtual PayMaya Visa account to their Uber account via the Uber app, so they can request for an Uber ride even without a credit card.
Consumers just need to download the PayMaya app 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.
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, the companies said.
Cashless transactions are more convenient since paying through cash causes delays for both riders and Uber drivers. It also eliminates the security risk of cash handling for Uber partner drivers.
Consumers who use PayMaya have more control over their expenses compared to credit card holders. A text message of the transaction is automatically sent to the user’s mobile number upon end of trip. The latest transaction history can be viewed on the PayMaya app for easier expense tracking.
PayMaya can be topped up at any of the over 15,000 PayMaya reloading stations nationwide that include 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.
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 by Visa with an issuing and acquiring license, PayMaya Philippines also counts MasterCard as its partner giving it the opportunity to offer both Visa and MasterCard products.