Wednesday, May 6, 2020

How to setup PayMaya to receive SSS Wage Subsidy and other Loans?

Many employees and workers have had their livelihoods affected, particularly those working in industries and businesses that were forced to temporarily suspend operations due to ongoing Enhanced Community Quarantine. Thankfully, employees and workers affected can see if they qualify for the national government’s Small Business Wage Subsidy (SBWS) program through the Social Security System (SSS) or apply for other loans and have the funds disbursed safely and conveniently to their PayMaya account. The application period for this subsidy program has been extended until May 8, 2020.
PayMaya-SSS Wage Subsidy

PayMaya has partnered with SSS to be the only e-wallet that can receive SBWS funds from the government, allowing even those without a bank account to conveniently receive the subsidy by simply signing up for a PayMaya account using their mobile devices. All you have to do is make sure to provide your PayMaya mobile number to your employer, who will then enroll your PayMaya account to be linked to SSS once they receive access to the SBWS application portal. Easily receive your wage subsidy via PayMaya

1) Download the PayMaya app on your iOS or Android phone
2) Register for an account using your Mobile Number, Name, and Email Address
3) Enter the Verification Code that will be sent to the Mobile Number you registered with
4) Upgrade your account by accessing the menu and tapping "Upgrade Your Account"
5) Once your account is set up and upgraded, give your PayMaya mobile number to your employer who will then enroll your account through the SSS online portal


Loan proceeds and wage subsidies can now be disbursed to your PayMaya account once enrolled and the funds are available. Wage subsidies and loan applications are subject to approval of SSS and based on eligibility of employees after application has been submitted by their respective employers.

To successfully receive your wage subsidies and loan proceeds via PayMaya, make sure that your PayMaya accounts are upgraded. For a faster and smoother upgrade process, uploading a Unified Multi-Purpose ID (UMID) is recommended. Likewise, ensure that the information in your upgrade application form is the same as the one reflected in your ID.

PayMaya-SSS Upgrade Account
The advantage of having your account verified is that you may encash the funds through the more than 30,000 Smart Padala centers nationwide or withdraw the funds at any Bancnet ATMs currently available using their physical PayMaya card.

PayMaya-SSS IDs
Utilizing PayMaya for various digital transactions is also a safer way to pay as part of physical distancing and health measures. Using the PayMaya app, Filipinos can continue doing transactions such as paying their bills, settling government dues, buying airtime load for themselves or their friends, or sending money to loved ones in the provinces all at the safety of their own homes.

PayMaya is one of the leading digital financial services company in the country offering end-to-end payment solutions giving millions of Filipinos an e-wallet that allows them to pay cashless transactions at any time of the day, anywhere in the world, and from any device.


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