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SSS, PayMaya ink deal for real-time payment processing

By Joann Villanueva December 21, 2019 MANILA - Social Security System (SSS) members now have an additional venue to easily pay thei...

By Joann Villanueva
December 21, 2019



MANILA - Social Security System (SSS) members now have an additional venue to easily pay their contributions and loans after the agency inked a partnership with digital financial services, PayMaya, on Wednesday.

In a briefing, SSS President and Chief Executive Officer (CEO) Aurora Ignacio said PayMaya is now among the 85 SSS accredited collecting and paying partners, 35 of which are already real-time processing of contributions (RTPC) system compliant.

She said the agency has been continuously adopting the use of digital platforms to further aid members on accessing SSS services without lining up in banks and the various SSS offices nationwide.

She said the tie-up with PayMaya, for one, will provide greater payment convenience and faster and accurate posting.

Under the agreement, SSS members still need to access the agency’s Mobile App, which can be downloaded from Google Play Store, Apple App Store, and Huawei App Gallery, and input their My SSS account user ID and password to generate the Payment Reference Number (PRN) or Statement of Account.

Once the member has created his PRN, he needs to tap the Pay button to display the two options namely Pay with PayMaya Account or credit/debit card.

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If the member prefers to pay using his PayMaya account, the screen of his mobile phone will display the PRN, amount, and convenience fee of PHP10 per transaction.

He will be required to input his e-mail address and password and in turn, PayMaya will send a one-time password (OTP) for the transaction to continue.

If the member prefers to pay using his debit/credit card, the screen will show his monthly contribution, convenience charge of 1.75 percent of the total amount. The payment will be completed once the member inputs his first name, last name, card number, and expiry date of the card.

“As more and more people put their thrust on the SSS as a reliable partner in times of unexpected life events, we are confident that we can meet every expectation because there are reliable and innovative institutions like you to support us,” Ignacio added.

PayMaya President and Chief Executive Officer Orlando Vea said they are honored to be part of the agency’s digitalization bid to help its members.

He said digitalization of SSS’ payment transactions, among others, is cost-effective for the members in terms of value and time and energy.

“We’re happy that SSS has fully embraced digital. Here at SSS digital is a new normal,” he added. (PNA)

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