State-run Social Security System has tapped PayMaya Philippines Inc. for the disbursement of cash assistance under the Small Business Wage Subsidy (SBWS) program starting next month.
“This is especially convenient and beneficial for employees in small businesses who were unable to work during the enhanced community quarantine period. More than ever, fast and easy access to funds for their daily necessities becomes critical at this time,” Orlado Vea, founder and chief executive of PayMaya, said.
“We are happy to be part of government’s thrust in using e-Money as a convenient tool for cash distribution,” he added.
The disbursement of wage subsidies and other loan proceeds is an expansion of the partnership between SSS and PayMaya, which together launched a more convenient way to pay for member contributions using the SSS mobile app in late 2019.
Eligible employers and their respective employees can now link their PayMaya accounts in the My.SSS online portal, so they can conveniently receive their wage subsidies when the disbursements start next month.
