Friday, April 19, 2024

PayMaya powers UP ID as cashless ecosystem set to be rolled out

The University of the Philippines (UP) recently forged a partnership with PayMaya to provide its next-generation UP ID that can also be used for financial and other everyday transactions.

Photo shows UP president Danilo Concepcion (2nd from left), PayMaya founder and CEO Orlando B. Vea (2nd from right), UP vice president for planning and finance Joselito Florendo (leftmost) and PayMaya COO and managing director Paolo Azzola (rightmost)

Aside from providing members of the UP community with IDs that can be linked to a financial account, PayMaya will also be equipping merchants and businesses in UP campuses with QR and POS payment acceptance technology so that students and faculty can pay for their purchases using their phones or their UP ID card.

“As we celebrate our 111th founding anniversary this year, we look forward to the launch of our next-generation UP ID. As the top educational institution in the country today, UP will lead the way toward a tech-enabled university of the future, and we thank our partners at PayMaya for helping us achieve this objective,” added Danilo Concepcion, president of UP.

“We are excited for UP students to experience the myriad of benefits that come with their new UP ID. As future leaders of the country, our students must be equipped with relevant technologies to make their campus life more productive and enjoyable,” said Orlando B. Vea, founder and CEO at PayMaya Philippines.

PayMaya said it is the only digital financial services provider offering ID and payment card product combined with multi-payment acceptance and disbursement solutions to schools and universities in the Philippines.

The project will begin initially in UP Diliman this coming school year starting in August, with other campuses slated to subsequently adopt the same technology.

Aside from being a payment card, the new UP IDs will also come equipped with Radio Frequency Identification (RFID)/Near Field Communication (NFC) technology for easier access to the university’s various facilities and services, as well as for timekeeping.

UP will be among the first universities in the country to deploy a complete cashless ecosystem within its campuses.

The ID project comes on the heels of another milestone for the state university following its recent recognition as the fourth best university in Southeast Asia based on the latest Asian university rankings released by London-based Times Higher Education (THE) and the recent QS World University Rankings where UP climbed 28 notches from its spot last year.

The new UP IDs dovetails with the recent support given by PayMaya to the UP Men’s Basketball Team as they gun for the championship in the upcoming University Athletics Association of the Philippines Season 82, which is slated to begin in October.


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