We all know that many employees have had their livelihoods affected because of the enhanced community quarantine (ECQ) measures. In Mindanao, I personally know of several business owners who have been forced to temporarily suspend their operations because of the COVID-19 pandemic. As a result, their employees and workers also had to look for other means to get by.
The national government has introduced the Small Business Wage Subsidy (SBWS) program. Employees and workers affected can see if they qualify for the program through the Social Security System (SSS) or apply for other loans and have the funds disbursed safely and conveniently to their PayMaya account. The application period for this subsidy program has been extended until today, May 8, 2020.
PayMaya has partnered with SSS to be the only e-wallet that can receive SBWS funds from the government, allowing even those without a bank account to conveniently receive the subsidy by simply signing up for a PayMaya account using their mobile devices.
All you have to do is make sure to provide your PayMaya mobile number to your employer, who will then enroll your PayMaya account to be linked to SSS once they receive access to the SBWS application portal.
Easily receive your wage subsidy via PayMaya
To get started, simply follow these steps to register for a PayMaya account:
1) Download the PayMaya app on your iOS or Android phone
2) Register for an account using your Mobile Number, Name, and Email Address
3) Enter the Verification Code that will be sent to the Mobile Number you registered with
4) Upgrade your account by accessing the menu and tapping “Upgrade Your Account”
5) Once your account is set up and upgraded, give your PayMaya mobile number to your employer who will then enroll your account through the SSS online portal
Here are helpful images you can download:
Once enrolled, loan proceeds and wage subsidies can now be disbursed to your PayMaya account once the funds are available. Wage subsidies and loan applications are subject to approval of SSS and based on eligibility of employees after application has been submitted by their respective employers.
To successfully receive your wage subsidies and loan proceeds via PayMaya, PLEASE make sure that your PayMaya accounts are upgraded. For a faster and smoother upgrade process, uploading a Unified Multi-Purpose ID (UMID) is recommended. Likewise, ensure that the information in your upgrade application form is the same as the one reflected in your ID. For more information on how to upgrade your PayMaya account, visit www.paymaya.com/upgrade.
Once upgraded, you may encash the funds through the more than 30,000 Smart Padala centers nationwide or withdraw the funds at any Bancnet ATMs currently available using their physical PayMaya card.
To learn more about how to set up and use a PayMaya account, visit www.paymaya.com/quick-guide.
Aside from offering convenience, utilizing PayMaya for various digital transactions is also a safer way to pay as part of physical distancing and health measures. Using the PayMaya app, Filipinos can continue doing transactions such as paying their bills, settling government dues, buying airtime load for themselves or their friends, or sending money to loved ones in the provinces all at the safety of their own homes.
I personally use Paymaya and to say that it is a convenient e-wallet to use is an understatement. It has so many benefits! Do check it out. Cashless transactions are definitely the way to go now.