Freelancers and digipreneurs in the Philippines will now have another reason to be inside the playing field of digital economy with the recent merger of PayMaya – the country’s leading digital financial service provider, and PayPal – a global leader in digital payments. These two brands formed a union that will boost more opportunities for freelancers and digipreneurs.
If you’re a freelancer or a digipreneur who receives payment via PayPal, you will enjoy 80% off on PayPal’s withdrawal fee when you transfer your available PayPal balance to your PayMaya account until December 21, 2016 as part of the promo of these two payment enablers. You can now withdraw your fund at any Bancnet ATM through your PayMaya card.
This merger encourages more freelancers working as graphic artists, developers, writers, digital marketers, and content creators; and online businesses int he Philippines receiving work from outside the country to use PayPal and conveniently transfer to their PayMaya account with big savings.
Traditionally, funds from a PayPal account are withdrawn through a bank account, sometimes it takes 2 to 4 days before the payment is cleared and that makes it less convenient for the part of freelancers.
“I receive payments from my clients overseas using PayPal and I am glad with the many benefits that come with linking it to my PayMaya account. I don’t have to experience the hassle of withdrawing my funds through other financial touch points, which require me to travel farther and wait long. Whenever I need money, I just go to any Bancnet ATM and withdraw instantly using my PayMaya physical card,” said Catherine Quiambao, freelancer and founder of the blog, freelancing.ph.
Using PayMaya to withdraw PayPal funds is more efficient and you don’t need to travel very far or fall in long lines, answer forms, and secure a minimum initial deposit. All you need to do is download the PayMaya app (if you haven’t yet) from the Google Play or the Apple Store to have an instant virtual Visa card that you can use right away for transactions including online purchases, bill payments, and PayPal transfers. Securing a PayMaya card is also convenient as users just need to order online via PayMaya’s official website www.paymaya.com or the online marketplace Takatack www.takatack.com, free of delivery charges nationwide.
“I rely on my PayPal funds for a lot of my basic needs. Since I can now link my PayPal to my PayMaya account, I can now directly pay my bills using the Pay Bills feature of my PayMaya app without taking time off, at the convenience of my home,” said Chino Chow, a Baguio-based DJ at K-Lite radio station and a freelance graphic artist.
“PayPal is one of the largest payment solution worldwide that is available in 200 countries with 192 million active users,” said Rahul Shinghal, General Manager for Southeast Asia. PayPal during the formal launch held in Makati last Tuesday.
The PayPal collaboration is among the growing initiatives being pushed PayMaya Philippines to further grow the use of digital financial services in the Philippines. The PayMaya app remains the no. 1 Finance app in the Play Store – Philippines, posting over 260% year-to-date growth in users and with throughput volume for the third quarter more than double the previous quarter. Most recently, PayMaya was recognized as the world’s best online payments solution by the Emerging Payments Awards.
For more information, you may go to www.paymaya.com. Follow their accounts on Twitter @paymayaofficial, Instagram @ paymaya_official, and on Facebook www.facebook.com/PayMayaOfficial.
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