Paymaya unveils "Negosyo" app for small businesses and entrepreneurs

PayMaya has released the PayMaya Negosyo, an app that lets merchants accept QR and online payments in just 1 to 2 days.

PayMaya unveils Negosyo App

PayMaya is a faster way to accept contactless payments

Through the PayMaya Negosyo app, business owners now have a faster way to accept contactless payments from customers, whether they are PayMaya users or account holders of other banks and e-wallet providers.

President of PayMaya Shailesh Baidwan shared,

As more consumers begin to prefer shopping online and paying using contactless methods, PayMaya Negosyo will give our MSMEs the easiest and fastest way to accept digital payments from across a variety of sources–all they need now is their smartphone and a valid ID.

Through the new PayMaya Negosyo app available for Android devices, MSMEs can easily accept QR and other forms of digital payments using their smartphones and even if they don’t have an e-commerce website.

They can also share the QR for payment on their social media pages and chat applications. Moreover, the Negosyo App allows them to Receive payments from upgraded PayMaya users through the 'Send Money' function.

Lastly, they are allowed to process bank transfer payments from any InstaPay-participating bank and e-wallet in the Philippines.

Once the payments are received in the merchant’s PayMaya Negosyo wallet, they can then transfer these amounts to their respective bank accounts also via InstaPay.

Compared with PayMaya consumer accounts that just have a PHP 100,000 account limit for upgraded users, "Negosyo" app users have a monthly limit of up to PHP 250,000

To start, simply download the PayMaya Negosyo app from the Google Play store. After that, sign-up using your active mobile number.

You'll also need to upload a valid government ID plus a video selfie for a liveliness check. 

The last step is waiting for 24 to 48 hours of your application review.