You can now instantly transfer funds to more than 40 banks with your PayMaya account

Getting turned off by the hassles and extra transaction fees of moving money to another bank account? Did you wish you didn’t have to line up at a bank branch just to make a deposit? Now there’s no need to worry–you can now skip the line and send money the most convenient way with PayMaya’s Send Money to Bank feature powered by InstaPay!

That’s right, with your upgraded PayMaya account you can send money* to more than 40 local banks and financial institutions that can receive money via InstaPay. The best part is it’s absolutely instant and secure–helping account holders save time and effort whenever they need to send money to another person’s bank account.

“This new feature will definitely make it easier for PayMaya account holders to manage their money conveniently. Whether they’re sending money to an online seller or transferring money from one of their bank accounts to another, everything is instant and seamless with PayMaya’s new Send Money to Bank feature,” said Shailesh Baidwan, President of PayMaya.

It’s really easy to Send Money to Bank via PayMaya. In the app, go to Send Money and select To Bank Account. In the next screen, choose the bank or financial institution you’ll be sending money to, put in the amount you want to send, and fill in all the important details of your recipient. It’s so simple, and your recipient will get the money in an instant, and as of now PayMaya is not charging any transaction fees for the service until further notice.

This new feature is also in accordance with the efforts of the Bangko Sentral ng Pilipinas to increase the percentage of digital transactions in the country to 20% by the year 2020, under the National Retail Payment System (NRPS).

So if you’re looking for a better way to manage your money between accounts or you just want to avoid the hassles of falling in line at the bank, now is the best time to have a PayMaya account so you can take advantage of this exciting feature.

Get your own PayMaya account by downloading the PayMaya app now for iOS or Android, and signing up today to feel the joy of sending money to anyone, anytime in the fastest, most secure, rewarding, and hassle-free way!

To know how you can get even more from your PayMaya account, check out www.PayMaya.com/deals or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.

PayMaya, the digital financial services arm of Voyager Innovations, is the only financial technology company in the Philippines offering integrated consumer and merchant payment solutions with the widest on-ground branch network. It is the first to give 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. It is the financial technology arm of Voyager Innovations, the leading technology company in the country backed by PLDT, KKR, Tencent, World Bank’s IFC and the IFC Emerging Asia Fund.

NESSOTECH LAUNCHES TOGETECH, INC AND MONEYGMENT APP

Nessotech - an IT firm and systems solutions provider engaged in software development with a decade of experience - has been serving companies such as banks and non-bank remittance  firms applying for their technical accreditation with the Philippine Social Security System (SSS), Philippine Health Insurance System (Philhealth) and the Home Mutual Development Fund of the Philippines (Pag-ibig Fund), to enable collection of contribution and loan payments of OFWs, self-employed and voluntary members. 

Mr. Jonathan Velasco, Ms. Denise Palmiano, Ms. Jessica Palmiano and Mr. Domingo Dayro Jr.

Managed by a seasoned team from the financial and IT sectors, and headed by its President and CEO Ma. Jessica Palmiano, Nessotech has diversified with the recent establishment of Togetech whose mandate is the creation of mobile applications that directly serve the customers,  which includes retail and peer-to-peer client.

Togetech envisions itself to be a provider of applications geared towards connectivity, financial inclusion, and convenience of customers. Togetech initially launched the Moneygment -app, which is a payments solutions mobile app providing remittance for government contributions and loans, as well as computation, filing and tax payments.

The founders of Moneygment understand the importance of these contributions, especially to the OFWs and their families that they have been serving for the past few years. Thisinspired them to work continuously in improving their systems in order to provide the most up-to-date services and reports to their customers. They are aware of the difficulties regarding delays in processing and unposted transactions causing benefits to be delayed as well. That is why they developed the Moneygment app that the customers can easily access through their mobile devices, and hence, they can immediately generate reports and get updates about their transactions. 

Moneygment caters as well to the growing number of self-employed individuals, freelancers, homemakers paying for the mandatory contributions of their kasambahays or household help, and micro and small enterprises to make paying and filing taxes and government contributions easy and convenient.

“Moneygment does not only focus on providing convenience for spending, but spending on things that will help ‘future-proof’ our customers,” says Ma. Jessica Palmiano, President and CEO of Togetech. “Future-proofing means being responsible citizens through filing and paying taxes, ensuring savings and insurance coverage through utilizing government initiatives provided by SSS, Philhealth and Pag-ibig. We are all focused on the now, yet we may lose sight of what we need to prepare for the future so we give you Moneygment to help you secure that future. The future does not only refer to when you are 60 years old and above. This is as simple as ensuring you have medical funds when you get sick, claiming for calamity loans when calamities happen, applying to own your home or looking for a funding source for your desired trip to another country. Future-proofing is also helping you achieve financial confidence by being able to provide financial tax returns even if you are operating a micro-enterprise enabling you to secure financial assistance in growing your business.” 

The Moneygment  app is available for download on Android via the Play Store and soon on IOS.  Through this mobile application, customers can enjoy the convenience of paying for their government contributions anytime from wherever they are.  The customers can transfer payments through Moneygment accredited partners without the need for owning a bank account.

Togetech will continuously integrate with partner institutions such as insurance companies, micro-finance and government institutions, in order to provide customers with the convenience in paying for these types of contributions, and achieve real-time posting of payments. Reports are also made available in every step of the process.

Further, it will strive to provide for financial inclusion through its rewards system and information campaigns, making it easy for customers to know current updates by our partner agencies.

Togetech will also be launching other applications catering to this segment so as to achieve its goals in providing a facility for easy payment solutions for basic life requirements and to help “future-proof” the consumers that will further improve the standard of living of every Filipino, driving the society forward.