Tuesday, May 21, 2019

PayMaya expands Boracay’s first ‘cashless’ ecosystem with QR payments

CASHLESS 'BAKASYON'. A traveler pays for his meals using PayMaya QR at Sunny Side Cafe, one of the most popular food establishments in Boracay. PayMaya is expanding Boracay's cashless ecosystem to provide travelers a quick, safe, and convenient way to pay for goods and service all around the island. 

Leading the charge in increasing the adoption of “cashless” payment systems all around the country, PayMaya further expanded the mobile payment ecosystem in Boracay in time for the summer through PayMaya QR.


Beach-goers around the recently re-opened island popular for its white-sand beaches can now pay using only their mobile phones in hundreds of merchants all across Boracay, ranging from food establishments, hotel and accommodations, merchandise, micro-sellers, and even transportation, among many others. 

“As we’ve noted early this year, PayMaya is increasingly becoming the preferred mode of payment for travelers. But it’s not just for booking their travel necessities online–increasingly, they are able to use PayMaya in many local destinations including Boracay, where it makes better sense to handle less cash when paying for their items,” said Paolo Azzola, Chief Operating Officer and Managing Director at PayMaya. 

PayMaya is now the preferred payment option in some of the merchants in Boracay where users can pay using their app via PayMaya QR, including restaurants like Spice Bird in D’Mall, Titos near Station 2, and Sunny Side Café in Station 3; convenience store like Budget Mart; and Epic Bar, among many others. 

This is on top of the initial batch of merchants that have been offering PayMaya QR as a payment method in Hue Hotels and Resorts as well as small merchants in Station X, which was launched in January of 2018, including other nationwide key merchants such as McDonald's, Army Navy, Yellow Cab, Shakey's, and Mercury Drug, among others.

At the same time, vacationers can add money to their accounts through specially-designated Add Money kiosks around the island, as well as via Palawan Express branches within Boracay. Additionally, they can add money to their accounts even before flying to Boracay through their online banking accounts via Instapay. 

Boosting Boracay’s economy through mobile payments 

The initiative is seen to further boost the tourism industry and the local economy in Boracay, which was just recently re-opened following a six-month closure for rehabilitation by the government. 

It also follows PayMaya’s establishment of similar “cashless communities” all around the country–including in areas such as La Union, Baguio, Cebu, and General Santos, among others–as it leads the country toward adopting mobile and digital ways of transacting for their everyday needs. 

By establishing a mobile-based cashless ecosystem in the island, commerce is expected to flow more smoothly and help reduce the friction and risk of paying via cash–all consumers would need is their mobile phones in order to pay for their purchases. 

PayMaya is the digital financial arm of Voyager Innovations, the leading technology company in the Philippines backed by PLDT, KKR, Tencent, IFC, and IFC Emerging Asia Fund. 

To know more about the various offers and payment solutions offered by PayMaya, visit www.paymaya.com

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