State-run Social Security System (SSS) has tapped PayMaya Philippines Inc. to disburse benefits and claims to its members.
“SSS has been one of the leading government agencies aggressively implementing digitalization of their services, and we’re glad to enable them with our end-to-end digital platforms so that their members can conveniently and safely transact with them wherever they are,” Orlando B. Vea, founder and chief executive of PayMaya said.
SSS members only need to enroll their PayMaya accounts through the My.SSS member portal by entering their PayMaya-registered mobile number under the “Account Number” field at the Bank Enrollment portion of the portal.
Proceeds from the SSS funeral and unemployment benefits, among others, may be coursed through the member’s PayMaya account. Soon, members may also receive their calamity, salary, and other loan proceeds via PayMaya.
The move is part of SSS’s efforts to migrate to a ‘checkless’ disbursement process and completely electronic way to distribute funds and other proceeds to their members in response to the growing need to go digital and practice physical distancing given the current public health situation.
“As the country deals with the effects of the pandemic, our digitalization efforts at SSS become a crucial part in ensuring that we deliver not just continuous but also safe service to all of our members,” Aurora Cruz-Ignacio, president and chief executive of SSS said.
“We are glad to continue expanding our partnership with PayMaya not just in allowing electronic payments of member contributions but in the fast and safe disbursement of their benefits as well,” she added.
In 2019, SSS launched the capability to accept credit and debit card as well as e-Wallet account for contribution payments via its new mobile app powered by PayMaya Checkout, allowing its members to remit their regular contributions anytime, anywhere–even if they’re abroad.
At the height of the COVID-19 pandemic, PayMaya also provided the SSS a way to quickly and easily disburse proceeds for its Small Business Wage Subsidy (SBWS) program to qualified MSME employees via their PayMaya accounts, allowing them to still receive much-needed government aid even without a bank account.
To date, PayMaya has helped disburse over P1.4 billion in financial aid from the various national agencies and local government units to their respective constituents through digital means, allowing recipients to quickly and safely receive funds using only their mobile phones.