Digital payments to sustain growth post-pandemic: PayMaya


Posted at Jun 09 2020 11:15 AM

MANILA - PayMaya said Tuesday it expected to grow its user base by a "fairly large number" this year as more people go cashless to comply with pandemic restrictions.

There was a surge in money transfers at the start of the COVID-19 lockdown, said PayMaya president Shailesh Baidwan. As the restrictions dragged, consumers bought more data to stay connected, he said. 

As people get more comfortable using cashless channels, user growth is likely to continue even after the pandemic, Baidwin said.

The Bangko Sentral ng Pilipinas earlier urged Filipinos to use online platforms to limit face-to-face transactions.