Thursday, May 23, 2024

PayMaya releases new minimalist EMV-powered payment card

Digital payment firm PayMaya has launched its newly designed EMV-powered payment card, which features a black minimalist design.

Available now at the PayMaya Online Store for P200.00, the new PayMaya card is one of the first in the world to feature the new design that showcases only pertinent logos at the front side of the card.

All personal information of the cardholder – including the card number, the expiry date of the card, the CVV card security code as well as the cardholder’s name – is printed at the back of the card.

PayMaya is one of the first in the world to utilize this design feature, which is in response to the social media habits of its largely millennial user base.

“We know our users love their cards which is why they are always excited to post about it on their social media accounts, but that also means exposing sensitive personal information to the public. With this new card, our customers are assured that they can share and brandish their cards to their heart’s content without risking their safety and security,” said Kenneth Palacios, head of wallets business at PayMaya Philippines.  

PayMaya has also enhanced the convenience and security of its card by incorporating the EMV standard, as well as the contactless payment feature of Visa and Mastercard.

PayMaya cardholders can also maximize the card’s features by linking their physical PayMaya card to the PayMaya app. By doing so, they can enjoy one wallet for online or in-store purchases and efficiently manage their expenses.

Withdrawing for extra cash using the PayMaya card can be done anytime, anywhere on any BancNet ATM nationwide and any Visa Plus machines abroad. 

Without the need to call in advance for card activation, they can also use their PayMaya card at establishments where Visa or Mastercard is accepted and at the same time, benefit from better foreign exchange rates.

“Many travelers prefer to use PayMaya when they travel as it allows them to maximize their budget so they can spend more on new experiences. Whether they use the PayMaya physical card to withdraw at ATMs or at Visa or Mastercard accepting establishments, they always get the best value when they use PayMaya,” Palacios added.


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