You can now instantly transfer funds to more than 40 banks with your PayMaya account
Manila, Philippines — Good news PayMaya users, you can now enjoy the app more than ever before. It is because PayMaya has just pushed out its latest app feature – the Send Money to Bank.
With your upgraded PayMaya account, you can now skip the long queue at a bank brank to send money or make a deposit.
With the new feature of the app, users are now able to send money to over 40 local banks and financial institutions.
It is worth noting that the app has made sure that transactions are secure and they are instant – meaning, account holders can save time and effort as they can now send the needed money to the destination account in real-time.
“This feature will definitely make it easier for PayMaya account holders to manage their money conveniently,” said the President of PayMaya, Shailesh Baidwan. “Whether they’re sending money to an online seller or transferring money from one of their bank accounts to another, everything is instant and seamless with PayMaya’s new Send Money to Bank feature.”
How to Use the Feature
Now, if you have already upgraded your app to the most recent version, then here’s how to use the said functionality:
- Head to Send Money option and choose To Bank Account.
- The next screen will pop-up that will let you select the financial institution or bank you will be sending your money.
- You can then enter the amount you wish to send to the account.
- Fill in important information of the recipient.
What’s excellent news is that, at the moment, PayMaya is not charging any transaction fees for this particular service. As such, now is the perfect time to make use of this app functionality.
This brand new feature of the app complies with the efforts of the Bangko Sentral ng Pilipinas in boosting the percentage of digital transactions across the county to 20 percent by 2020.