4 Mobile Payment Solutions That Can Make Your Business More Efficient

In late 2019, the Philippines quietly hit a milestone that had long been coming. Mobile devices became the dominant way Filipinos accessed the internet. With about 4 out of 5 Filipinos either owning or sharing a smartphone, we are now indeed more mobile and connected than ever before. If local businesses are to remain competitive in an ever more globalized market, readjusting to these trends is now also more important than it’s ever been.

If you’re interested in tapping into this ongoing paradigm shift towards mobile internet use, PayMaya has a number of proven mobile payment solutions specifically designed for Filipino consumers and business owners. Here are just some of the incredible mobile payment products PayMaya offers to businesses.

PayMaya QR

While QR codes have been around for a long time, it’s only in the past generation that local smartphone usage and average internet speeds have caught up with technology’s true potential. PayMaya QR is an innovative, contactless payment solution that uses QR codes to allow anyone with a smartphone to make secure payments at a partner merchant’s store.

All a customer with a PayMaya account needs for Scan to Pay payments at a partner merchant is their smartphone camera. After using the Scan to Pay function, both the customer and the merchant will receive a payment notification.

PayMaya QR eliminates the possibility of manual input errors and removes the need for sharing personal information. Even better, all transactions are automatically logged for hassle-free tracking. The QR codes can be posted on digital platforms, printed out and displayed at physical stores, or even sent through online messaging services.

One by PayMaya

While cash is still king, it’s not always the preferred payment method for customers in today’s mobile internet economy. Customers these days have several alternatives to physical cash, including credit and debit cards, NFC contactless payments, bank transfers, and QR payments. If you want to capture more of the market, you’ll need to be willing to accommodate as many forms of payment as you can.

One by PayMaya is a mobile payment solution that allows you to accept all kinds of payments wherever you are. The PayMaya One device is a portable, Android-based payment tool that supports dip, tap and swipe for Visa, MasterCard, BancNet, and JCB cards. Additionally, it also supports NFC and QR payments. This ensures that you’re able to accept any form of payment your customers prefer.

PayMaya One devices are all ATEX-certified, EMV-certified, and PCI-DSS-compliant, giving both your business and your customers the protection they need. The device can also connect to the internet via LAN, Wi-Fi, or through mobile data, allowing it to be used in your brick-and-mortar location and wherever you need to be. 

PayMaya Digital Invoice

With more Filipinos shopping online, small businesses without a website often find themselves at a disadvantage when it comes to accepting payments. Thankfully, PayMaya Digital Invoice gives small businesses the ability to accept card and e-wallet payments through SMS, chat, or email.

PayMaya Digital Invoice users can choose from a variety of invoice templates, which can be edited and sent to a customer’s preferred email address. Digital payment links can be sent to the customer through SMS or a variety of popular messaging apps as well. This makes it easy for any small business to bill customers through their smartphones, providing unparalleled convenience.

Several advanced features are also included for the security and convenience of both the merchant and the customer. A convenient scheduled invoicing function is available for recurring payments, and full 3DS support and PCI-DSS compliance is bundled in for better security. A helpful authorization & capture feature is also included to prevent problems with fund and stock availability.

PayMaya Checkout

Few businesses these days can expect to be competitive in today’s market without a website. While designing and setting up a website is simple enough, creating a checkout process that’s efficient and intuitive can be a difficult challenge for many businesses.

PayMaya Checkout is a hassle-free solution for giving website visitors a seamless online checkout experience. The service allows an app or website to accept a variety of payment methods, including credit, debit, and prepaid cards, as well as e-wallets and other popular online payment methods. It’s also optimized for viewing on mobile phones and tablets, eliminating the need for mobile users to visit your site via desktop to make a transaction.

Using PayMaya checkout removes all of the challenges of facilitating online purchases, featuring a variety of security, tracking, and analytics functions. It’s designed specifically to smoothen out your customers’ digital journeys to reduce cart abandonment and maximize sales. It even seamlessly integrates with Shopify, WooCommerce, and Magento, the most popular eCommerce platforms in the world today.

Conclusion

Filipino consumer behavior is very different from what it was just a generation ago. The widespread availability of smartphones, cashless payments, and the resulting growth of online shopping has given Filipinos a wealth of choices — and a lower tolerance for businesses that don’t take their customers’ needs seriously. With more and more Filipinos turning to online shopping, local businesses can turn to PayMaya’s mobile payment solutions to ensure that these new digital shoppers have the most seamless experience possible.