BUSINESS TECH | Maya Business recognizes growth leaders in business payments
Maya Business equips the biggest names in the retail, eCommerce, and service sectors with the broadest range of payment acceptance solutions.
Source: Maya
Maya Business, the country’s largest processor of business payments, continues to propel the rapid growth of enterprises through leading-edge digital payment technologies and integrated financial services.
As consumers demand safer, more reliable, and more convenient transactions, Maya Business equips the biggest names in the retail, eCommerce, and service sectors with the broadest range of payment acceptance solutions. These innovations allow businesses to accept any credit, debit, and prepaid card, scan-to-pay via QR, or pay via Maya wallet, whether online or on-ground.
Solutions include Maya Checkout for online payments, Maya Payment Links for digital invoicing, Maya QR enabled by QR Ph Person-to-Merchant (P2M) payments – the national standard promoted by the BSP, and Maya Terminal, the country’s first android point-of-sale device.
“We’re proud to be the all-in-one growth partner of enterprises through Maya Business. Our unique solutions empower businesses to exceed their growth target and expand their market. With our Maya Business partners, we are making big moves in driving digital financial services adoption across the length and breadth of the country,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder.
Maya Business, formerly PayMaya Enterprise, is powered by the country’s only end-to-end digital payments company, PayMaya Philippines, and Maya Bank for digital banking services.
Enabling fintech
One of the trailblazing partners utilizing Maya’s digital financial solutions suite is Suyen Corporation, a Philippine conglomerate known for the most-beloved clothing brand Bench.
With the thrust of providing convenience, giving more options to consumers, strategic promos and rebates, and the seamless integration of solutions in its website and stores, Suyen Corporation almost doubled its year-on-year volume for cashless payments processed by Maya Business.
“Even before the pandemic, Filipino consumers were already transitioning into the digital lifestyle. As one of the leading retail companies in the Philippines, we had to quickly make bold moves in providing our consumers with what they needed and wanted. Maya Business helped us in bringing our products closer to the Filipino consumer,” said Bryan C. Lim, Suyen Corporation, vice president for Business Development.
Big moves
Maya Business recently recognized the Bench group of brands under Suyen Corporation. as one of the Growth Leaders in the National Cashless Payment Category of its Digital Trailblazer Awards program for utilizing financial technologies to grow its business and adapt to the ever-changing sphere of commerce in the Philippines.
Maya Business Growth Leaders are merchant partners who made big moves with digital payments, leading to growth for their companies and their respective industries.
Unioil Petroleum Philippines and Petron Corporation were feted as National Cashless Payment Leaders alongside Suyen Corporation for growing digital transactions through on-ground payment channels.
On the other hand, Smart Communications Inc., Grab Philippines, and Shopee Philippines garnered the National Online Payments Leader award. These top companies contributed to growing online payment transactions in the country.
Electronic Commerce Philippines (ECPay) and CIS Bayad Center (Bayad) received the Outstanding Partner for Customer and Partner Enablement for helping onboard more merchants and billers to digital payment channels.
Mandaue Foam topped the Growth Leader in the Regional Online Payments category, while LCC Malls received recognition as the Growth Leader in Regional Cashless payments.
“These Growth Leaders have proven that digital is the way to go. Their enthusiasm and bravery in accelerating their digital transformation encourage more like-minded enterprises to make bigger moves,” said Mar Lazaro, managing director and head of Maya Business at PayMaya.
During its recently held launch event, Maya Business recognized its partners under the Digital Trailblazer Awards 2022 program. On top of Growth Leaders, Maya Business also honored Financial Inclusion Heroes and Ecosystem Builders.
Maya Business is committed to accelerating digital transformation among enterprises and consumers in line with the national targets under the Bangko Sentral ng Pilipinas (BSP) Digital Payments Transformation Roadmap 2023 and the eCommerce Philippines Roadmap 2022 adopted by the Department of Trade and Industry (DTI).
