Interoperability. Big word.
Seriously, we just got tipped by our friends from Voyager Innovations, the digital innovations arm of PLDT and Smart, that they have successfully conducted mobile money transactions with Globe GCash via PayMaya app.
With this new innovation, PayMaya subscribers – which are mostly Smart subscribers – may soon be able to send funds to users of other mobile money systems. PayMaya to GCash, GCash to PayMaya will finally be easy-peasy.
According to Mr.Orland B. Vea, President and CEO of PayMaya Philippines, “This is a step toward advancing the future our digital economy. Even before this initiative, we have pioneered a mobile payments solution that can be used by users from any telco provider by launching PayMaya, an over-the-top digital service. Interoperability, therefore, is but a natural progression in the ongoing evolution of financial technology services in the country.”
I have been using PayMaya since last year, and so far, I have bought a lot of Microsoft and Steam games using it. I have also tried sending load to my friends and relatives using the PayMaya app but I was limited to sending Smart/TNT loads only. This innovation from Voyager is a huge step up from what PayMaya was a couple of months ago.
If you want to know more about this, we have included the full Press Release below for your reference.