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PayMaya teams up with PayPal, offers customers up to 80% off the withdrawal fee

By Ashley Lucas - on 25 Oct 2016, 11:09am

PayMaya teams up with PayPal, offers customers up to 80% off the withdrawal fee

Recently awarded the Best Online Payments Solution at the Emerging Payments Awards in London, PayMaya now taps into the freelance economy, announcing its collaboration with another online payment system, PayPal.

Freelancers, as well as online businesses, can now link their PayMaya accounts directly to their PayPal accounts, and get up to 80 percent off PayPal's withdrawal fee. If you don't have a PayMaya account yet, simply download the app on Google Play or App Store, register for an instant virtual Visa card, and immediately use it for transactions such as PayPal transfers.

“Freelancers and online entrepreneurs are at the forefront of the digital global economy. By making fund transfers more affordable and convenient, we are making it easier for more Filipinos to capitalize on the opportunities presented by digital. We are happy to collaborate with PayPal as this initiative solves a major pain point experienced by our digital workforce,” said Orlando Vea, President and CEO at PayMaya Philippines and Voyager Innovations.

Until December 21, 2016, users will be able to enjoy an 80 percent discount on PayPal’s withdrawal fee when they transfer their available PayPal balance to their PayMaya account. When the transfer is complete, users can withdraw their fund at any Bancnet ATM through their PayMaya card. 

“Being a leading digital payments company, PayPal is always looking to provide an easier and safer way for people to move and manage their money. For freelancers and micro businesses, where cash flow and immediate access to payments and funds are critical to keep their business moving, our collaboration with PayMaya now provides them another option by which they are able to choose how they want to retrieve their money. This adds to the convenience already offered by PayPal,” said Rahul Shinghal, PayPal’s General Manager for Southeast Asia.

Aside from being able to withdraw PayPal funds from any Bancnet ATM, users can also use their PayMaya to shop at any physical or online store here and abroad that accepts Visa, send money to any PayMaya user, pay for Uber rides, buy airtime load, and pay bills