The SM Store, PayMaya lead retail industry transformation with cashless payments

The SM Store and PayMaya stepped up their collaboration to revolutionize the shopping experience of Filipinos with PayMaya QR, formally launched at the Mega Fashion Hall, SM Megamall last January 17. The SM Store and PayMaya Philippines are once again redefining the shopping experience in the Philippines with a new campaign to provide added convenience and delight to customers through a nationwide 10% rebate on all purchases made using PayMaya QR.

Through PayMaya QR, shoppers at The SM Store can just open their PayMaya app, tap the “Scan” button, and point their phones at the special QR codes displayed at The SM Store’s Mobile Pay lanes to complete their transactions. PayMaya's cashless system has been made available since last December in all branches of The SM Store nationwide.

 Present during the event were PLDT, Smart, Voyager and PayMaya Chairman Manuel V. Pangilinan (third from left); The SM Store President Chelo C. Monasterio (third from right); PayMaya President and CEO Orlando B. Vea (second from left); Smart Vice President for Wireless Key Accounts Development Precy Katigbak (second from right); SM Mart, Inc. Executive Vice President for Controllership Ricky A. Lim (rightmost); PayMaya COO and Managing Director Paolo Azzola (leftmost)

Joyce Pring hosted #TheSMStoreXPaymaya event

To encourage more Filipinos to experience cashless convenience, PayMaya is offering an introductory promo where shoppers can get a 10% rebate (up to P100 per branch per day) on their purchases whenever they pay using PayMaya QR at all branches of The SM Store from January 15 to April 15, 2018. For every P1,000 spend, shoppers also get the chance to win an iPhone X.

Be it the latest fashion items, toys, shoes or home products, Filipinos can now easily pay for all their shopping finds at The SM Store with just their phones with the help of PayMaya QR.

Getting a PayMaya account is easy. All they have to do is download the PayMaya app on the Apple App Store or the Google Play Store, register for an account using any mobile number from a Philippine mobile network, load up their account in any of the more than 15,000 PayMaya load-up touchpoints nationwide, and use the “Scan” QR feature within the app to instantly pay for their purchases.

Paying with PayMaya is also made more convenient with load-up options at all SM Business Services inside The SM Store. Account holders can also load up their PayMaya accounts at 7-Eleven, ExpressPay, TouchPay kiosks, Palawan Pawnshops, Shopwise, Wellcome, 2Go outlets, Petron stations along NLEX, and Smart Padala centers, as well as through Unionbank ATMs and RCBC retail online banking.

PayMaya’s partnership with The SM Store for QR-based payments builds on its trailblazing initiative of building a “Cashless Philippines” in line with National Retail Payment System initiative led by the Bangko Sentral ng Pilipinas that aims to increase the share of electronic transactions in the country by 20% in 2020.

To support this vision, PayMaya has launched game-changing innovations including PayMaya QR. Various merchants are now equipped with the payments technology, including all Smart Stores nationwide, food parks like The Yard Timog, Pioneer Street Market, and Hue Hotel and Resorts and Station X in Boracay, as well as establishments such as Fairmont Makati and Army Navy, among many others.

Today, PayMaya is also the largest online and mobile acquirer in the Philippines, powering card payment acceptance of some of the biggest e-Commerce retailers in the country, including the likes of Lazada, Zalora, Philippine Airlines, and Cebu Pacific. Most recently, PayMaya has enabled McDonald's to accept card payments in its restaurants and online delivery card acceptance will also be available soon.

PayMaya Philippines, the country’s pioneer and leader in cashless payments, is the digital financial services arm of PLDT’s Voyager Innovations. To know more about PayMaya’s products and services for consumers and businesses, visit www.paymaya.com.