Empowering Quezon City scholars with digital financial tools

PayMaya

Posted at Feb 07 2020 09:54 AM | Updated as of Feb 07 2020 11:42 AM

Quezon City Mayor Joy Belmonte (top row, centermost) and PayMaya COO Paolo Azzola (top row, 2nd from right) lead the distribution of Quezon City scholar IDs powered by PayMaya that will allow students to not only conveniently and securely receive their allowance from the local government but also purchase in any Bancnet-accepting merchants as it doubles as a prepaid card. Also in photo are (top row, from left): PayMaya Communities Head Tisha Quinitio, Quezon City Assistant Administrator for Fiscal Affairs Don Francis Javillonar, and Scholarship and Youth Development Program Head Maricris S. Laureta, and Quezon City scholars.

Around 2,000 scholars of Quezon City under the Scholarship and Youth Development Program (SYDP) recently received their PayMaya-enabled Quezon City scholar ID card, which allows them to instantly and conveniently receive stipends or allowances from the Quezon City government.

Through this partnership among the Quezon City government, SYDP, and PayMaya, qualified students no longer have to go to the city hall to receive their scholarship grants, student loans, and other incentives since it will be disbursed directly to their scholar ID cards, which is linked to the PayMaya app. Once they have received the funds, they can use the card to pay for their school supply needs at any Bancnet card-accepting merchant, buy prepaid load for themselves, or receive money in their PayMaya accounts from their parents or other PayMaya users.

Aside from convenience, equipping Quezon City scholars with this innovative digital financial tool will also help them learn the ropes of financial management early on, which they can eventually use in their everyday lives.

''Through this initiative, Quezon City becomes one of the leading digital adopters among local government units, able to harness the power of technology to offer better public service to its constituents,'' said PayMaya Chief Operating Officer Paolo Azzola, who was present during the recent distribution of the initial batch of Quezon City ID cards along with Mayor Joy Belmonte at the Quezon Memorial Circle.

PayMaya is the only financial technology company in the country that offers end-to-end payment solutions with the widest on-ground branch network. It is the first to give millions of Filipinos an e-wallet that allows them to pay cashless transactions at any time of the day, anywhere in the world, and from any device. To know more about PayMaya and its products and services, visit www.paymaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.

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