MANILA, Philippines — Digital financial services leader PayMaya has been recognized for its various initiatives to promote cashless payment technologies to help combat the spread of COVID-19 at the recently concluded ASEAN Business Awards (ABA) 2020 held in Vietnam.
PayMaya was awarded along with 10 other enterprises in the ASEAN region under the “Combating COVID-19” category of the ABA. It is among the 13 winners from the Philippines, which clinched one of the 53 awards handed out by ABA this year from a pool of over 1,000 entries it received from across the region, 98 of which were Philippine enterprises.
“Existential threats like COVID 19 demand extraordinary action from everyone. Our dedicated team at Paymaya has lost no time in stepping up to the pandemic challenge. We are humbled by this recognition and will press on with greater resolve in our mission of financial inclusion and a cashless society. Thank you, ASEAN Business Awards and the ASEAN Business Advisory Council of the Philippines,” said Orlando Vea, founder and CEO of PayMaya.
ABA is the official awards program of the Association of Southeast Asian Nations (ASEAN), and has been organized annually by the bloc’s Business Advisory Council (BAC) since 2007.
The ABA brings meaningful recognition for ASEAN businesses as they show solidarity and great ability to weather the impact of the ongoing pandemic, while also contributing to the economic and pandemic relief efforts of various countries in ASEAN.
PayMaya was recognized for its efforts to promote contactless and cashless technologies to mitigate the spread of the virus causing COVID-19 through its PayMaya app and wallet, which has allowed consumers to continue transacting safely for sending money, bills payment, airtime load, online purchases, and QR payment transactions.
PayMaya has also enabled thousands of merchants with cashless payment acceptance technologies for their online and physical stores, allowing them to accept card or e-Wallet payments from customers safely and conveniently.
To aid in the government’s response to the pandemic, PayMaya has also become a crucial partner of over 60 national government agencies and local government units in safely and efficiently disbursing financial aid to their respective constituents severely affected by the pandemic, and in continuously collecting taxes and other fees through their digital channels