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The Public Safety Mutual Benefit Fund, Inc. (PSMBFI) teams up with PayMaya to safely and conveniently disburse loan proceeds and insurance claims to its members.
Uniformed personnel and civilian members of the Public Safety Mutual Benefit Fund, Inc. (PSMBFI) will soon be able to receive their loan proceeds and insurance claims via PayMaya.
This move is in line with the Association's thrust to provide safer, faster, and more convenient services to its over 200,000 members across the country.
PSMBFI is one of the biggest non-stock, non-profit insurance providers and mutual benefit fund managers of the Philippine National Police (PNP), Bureau of Immigration, Bureau of Corrections, Metro Manila Development Authority (MMDA), and Land Transportation Office, among others.
"We are happy to work with PayMaya as this partnership further strengthens our commitment to provide our members with their much-needed funds during their most difficult times," said Atty. Joel Napoleon Coronel, President and CEO of PSMBFI.
"Having PayMaya's Payout Portal as our platform assures us that we can deliver our members' loan proceeds and insurance claims on time, securely, and conveniently. In turn, this initiative will give them peace of mind while they serve at the frontlines, thanks to PayMaya's features such as real-time notifications, app transaction history, and reliability," he added.
For his part, Orlando Vea, PayMaya Founder and CEO, said: "We are proud to work with an organization like PSMBFI that looks after the welfare of our uniformed personnel and civilian frontliners. Beyond disbursements, PayMaya can unlock the digital life for PSMBFI members, enabling them to go cashless for everyday transactions."
PSMBFI members can use the funds they receive via the PayMaya app for their everyday financial transactions, such as sending money to their loved ones, paying for utility bills, shopping for essentials, buying telco load, and many more. Meanwhile, members can also conveniently encash their funds at over 57,000 Smart Padala outlets nationwide, mainly their neighborhood sari-sari stores.
PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines, with platforms and services that cut across consumers, merchants, communities, and government.
It provides more than 41 million Filipinos with access to financial services through its consumer platforms. Customers can conveniently pay, add money, cash out or remit through its over 300,000 digital touchpoints nationwide. Its Smart Padala by PayMaya network serves as last-mile digital financial hubs in communities, providing the unbanked and underserved access to digital services. Through its enterprise business, it is the largest digital payments processor for key industries in the country, including "every day" merchants such as the largest retail, food, gas, and eCommerce merchants, as well as government agencies and units.
To know more about PayMaya's products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.