SSS taps PayMaya for Small Business Wage Subsidy and other loan proceeds disbursement
Eligible employees under the Small Business Wage Subsidy (SBWS) program will be able to conveniently receive the cash assistance straight to their PayMaya accounts once disbursements commence in May.
State pension fund Social Security System (SSS) has tapped digital financial services leader PayMaya for an easier and more convenient way to disburse proceeds from the national government's SBWS program and its other loan offers to more than 3 million member-employees affected by the current COVID-19 public health situation.
Eligible employers and their respective employees can now link their PayMaya accounts in the My.SSS online portal, so that they can conveniently receive their wage subsidies when the disbursements start next month. Depending on their location, eligible employees stand to receive P5,000 to P8,000 in subsidies from the government through the SSS. Employers have until April 30, 2020 to submit their applications at the SSS website (www.sss.gov.ph).