New firm enhances complete financial services in Cordillera


BAGUIO CITY – PayMaya Philippines, Inc., formerly Smart eMoney, Inc., the pioneer in mobile money and payments, bolstered its commitment to empower the consumers, businesses and communities in the Cordillera through an ecosystem of complete financial services which include PayMaya and Smart Padala.

“As the region continues to grow economically, more consumers, families, communities and businesses will have ever-changing financial services needs. To match this progress and meet the needs of all types of users or clusters, we are continuously strengthening our commitment in the Cordillera by providing highly beneficial financial services like PayMaya and Smart Padala that address their different requirements. PayMaya continues to growth with the Cordillera to create a positive and long-lasting impact in the region,” Benjie Fernandez, co-COO of PayMaya Philippines and COO of Voyager Innovations, stressed.

He said the company is glad to empower diverse markets with the right financial services for them. For the millennial, PayMaya is enabling them to access the digital life through the No. 1 PayMaya app, wallet, and card.

For the Filipino families, he said the firm has Smart Padala that they can trust for all their money remittance needs.

On the other hand, small and micro-entrepreneurs can open a Smart Padala center as a form of business for themselves.

Moreover, PayMaya serves big enterprises, business process outsourcing companies, and cooperatives with their disbursement platforms that provides personalized PayMaya cards to employees and users and it is through PayMaya for all.

Fernandez explained that their available financial services are just some of their offerings and innovations and more will still happen in other sectors and regions.

Based on statistics from the Cordillera office of the National Economic Development Authority (NEDA-CAR), the region has been posting positive growth across major socio-economic indicators. Investments registered with the Securities and Exchange Commission (SEC) increased three-fold from the same quarter last year.

Philippine Economic Zone Authority (PEZA) registered companies posted 8.5 percent increase year-on-year, including electronics manufacturing.

For the BPO industry, Baguio City has been included as one of the top ten next wave cities out of 42 other locations assessed based on talent availability, infrastructure, business environment and cost.

Meanwhile, Sitel Philippines, which operates in the city, was again named to the 2016 Outsourcing 100 List by the International Association of Outsourcing Professionals recognizing it as a leading global customer care provider.

With the existing group of industries, total employment for the region, reaching almost 13,000 for the first quarter of this year, higher than the almost 10,000 in the previous quarter and BPO employment remained most robust, followed by electronics manufacturing, and machinery except the electrical sector.