As quarantine restrictions begin to ease in some parts of the country, public transportation services shall resume in the areas under General Community Quarantine (GCQ). Included in the guidelines issued by the Land Transportation Franchising Regulatory Board (LTFRB) help curb the further spread of COVID-19 is for taxis and TNVS to adopt cashless payments.
The Department of Transportation (DOTr) and the LTFRB have tapped digital financial services leader PayMaya to provide drivers and operators the ability to accept cashless payments. PayMaya is offering transport operators and their drivers QR scan-to-pay capabilities via its mobile app, which will also give them access to a digital financial account that they can use for everyday transactions such as bills payments, airtime load reloading, and sending money to friends and family.
“Cashless payments, particularly in taxis and TNVS vehicles, is part of our new norm, and we are glad that our drivers and operators have easy and convenient options such as PayMaya so that they can quickly implement this solution for the safety and benefit of their riders,” said LTFRB Chairman Martin Delgra III.
Soon, commuters will be able to pay their fares with their credit, debit, or prepaid cards via tap-to-pay technology through the other digital payment solutions of PayMaya. Operators may also utilize PayMaya’s PayOut disbursement solution to easily distribute salaries and other incentives directly to their drivers’ accounts.
In the past, PayMaya has also partnered with bus and taxi companies in Metro Manila and in other areas such as Baguio and Cebu. This enabled transportation facilities such as the Araneta Bus Port to accept cashless payments through credit and debit cards as well as via PayMaya QR.
Alternative livelihood opportunities for faster recovery
On top of helping drivers accept cashless payments, PayMaya will also soon be providing them with additional livelihood options such as offering prepaid load, bills payment, and even remittances if they also operate a sari-sari store or any physical store through PayMaya's upcoming products and services.
“In the ‘new normal’, we must help everyone adapt to new and safer ways to lead our lives, and that includes the transportation industry. PayMaya is proud to support the government and transport operators not just in helping them accept contactless payments, but to chart the path towards their full recovery as well,” said PayMaya Founder and CEO Orlando B. Vea.
As the entire country conforms to the changes caused by the COVID-19 crisis across various sectors aside from transportation, digital and contactless payments will become not just a must but a strategic advantage for businesses in order to quickly recover.
To know more about PayMaya's products and services for businesses and merchants, visit http://enterprise.paymaya.com.