Introduction

Technology has transformed the way people shop, sell, and save, and people

are increasingly moving away from using cash. In today's fast-paced digital world, one

of the fastest growing modes of payment is known as Digital Payments. As stated by

Khaitan and Joshi (2022), Digital payments are payments made through digital or online

platforms that do not involve the exchange of actual cash. This type of payment, also

known as an electronic payment (e-payment), is the transfer of value from one payment

account to another in which both the payer and the payee utilize a digital device such as

a mobile phone. In research from PricewaterhouseCoopers (n.d.), cashless transaction

volumes will grow by more than 80% to 1.9 trillion by 2025, and digital payments per

person will triple by 2030.

Vision

To provide Filipino consumers and businesses with access to financial services

and the need for safe and contactless transactions.

Mission

At Paymaya, we aim to provide smart, easy-to-use, and safe digital payment

services that cater to the needs of Filipino consumers, businesses of all shapes and

sizes, and the government including the national government agencies, local

government units, universities and colleges, government owned- and controlled-

companies. PayMaya, the leading company in emerging payments acceptance

solutions, enables businesses and consumers to accept payments from all types of

cards - debit, credit, prepaid, e-wallet, and QR - at any time, from any place, and on any

device.
 References

Khaitan, P., & Joshi, A. (2022, May 18). What Is A Digital Payment and How Does It

Work? Forbes Advisor INDIA. Retrieved from:

https://www.forbes.com/advisor/in/banking/what-is-a-digital-payment-and-how-does-it-

work/

PricewaterhouseCoopers. (n.d.). Payments 2025 & beyond. PwC. Retrieved from:

https://www.pwc.com/gx/en/industries/financial-services/publications/financial-services-

in-2025/payments-in-2025.html