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Thread: A Review On Pay Maya "Mobile Money Application"

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    Post A Review On Pay Maya "Mobile Money Application"

    The current situation of our world requires us to stay at home by all means but that doesnt mean that all our monthly dues for loans and other expenses will also be staying at home. Some banks may be considerate enough to extend our monthly dues but not everyone else. Your landlord may extend your monthly rent due but not for others. Like us, even we are facing the crisis we are still obliged to pay it through bank deposit, or else we will be left with no home.

    The question is, not everyone else has the capability to go out especially if you dont own a private vehicle. So what may be the best solution?
    You probably dont have to pay your monthly expenses if you dont hear about online payment transactions.

    How does it work?

    In this review, we will tackle the secure online payment application called Pay Maya. But for now, lets take a brief look at their history. The Pay Maya Philippines Software application is formerly known as Smart e-money. Inc. It is the pioneer software application for mobile money and payments. Also it is the subsidiary of the Voyager Innovations, and the digital innovations company of PLDT and Smart. You are not familiar with any of those? Well if thats the case, you are probably residing outside of the Philippines. But wait theres more, even if you are not residing in the Philippines you can still use this as your alternative mobile banking application. Even Overseas Filipino worker residing outside of the Philippines can use this mobile money application as long as the establishment accept credit or debit cards. Yes, you are reading it right! Pay Maya also offers a card just like other debit and credit card and it also has an EMV chip for added security.

    Now here comes the good part, this mobile money application called Pay Maya is an app that gives everyone a virtual prepaid card for shopping even it's online or in person. People can also book flights and pay bills online with the help of this application. Nowadays, since we are facing a pandemic these kinds of mobile money application helps us to get through with our daily life cycles such as paying bills, transferring money and a lot more. I know that you might be probably curious about how to get this application and how to use it.

    Firstly, you can download this mobile money application through your play store or app store. Second, you can register your mobile number. Note that any number can do, even you are not a Smart mobile network user. Well, Im a different network user but I managed to have a Pay Maya. They will send a confirmation code to your mobile number before you can proceed. Its worth the wait and it's one of the processes authenticating if you are a legit user. Once you verify your mobile number you can successfully create a password and log in to your account. But wait, theres more! As a user you also need to verify your account details before you can fully use all their services. Pay Maya will ask you to fill out the required information such as Full Name, Contact Number, Birthday, and Present Address, Present Work position, Field of work, and a lot more. The second verification is the Primary Valid ID. You can only choose the following:

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    Drivers License
    Social Security System (SSS Card)
    Professional Regulation Commission (PRC) ID
    Passport
    And;
    Postal ID


    If you dont have any of those then maybe this mobile money application is not for you.

    The last requirement that Pay Maya will ask you is to submit a 4 to 5-second video selfie. When taking the video selfie, you must take note of the required gestures and follow the instructions well. But of course, your face should be the same with your ID, or else you may be accused of identity theft. A piece of advice, review your application first before you click on SUBMIT to avoid being declined on the verification process.

    Users can add money to their Pay Maya account in two ways. Link the bank account in your Pay Maya and click on cash in or add money using the 40,000 partners all over the Philippines such as Palawan Pawnshop, Smart Padala, Business Services of different malls, and of course 7-Eleven. Just simply present the QR code of your Pay Maya at the merchants site and pay.

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    For the product and services of this mobile money application, first is it offers a Virtual Card meaning that users can avail virtual Visa or MasterCard Instantly. The good news is they can also avail of the physical card itself at any retail store of Smart Communication Inc and enjoy the privileged of withdrawing money or swiping your card at any store. Pay Maya Payout also offers services to employees. It is a disbursement solution to manage their payroll, other allowances, and even incentives. For businesses, Pay Maya enables business owners to accept different card payments at any time.

    If you are being problematic about how you would be able to pay your bills on time even we are facing this pandemic. This mobile money application may be one of the solutions. One of the services it offers is the online payment for your electricity bills, water bill, government contributions such as Pag-Ibig, SSS, Philhealth and even paying your NBI! But theres more, do you have someone living in the Province or outside of your vicinity? Have you heard of Smart Padala? Yes, you read it right. Pay Maya can send money through Smart Padala.

    To further clarify all the details, I list down below the advantages and disadvantages of this mobile money application.

    Advantages

    Easy to use! Download, sign up, and verify then you are off to go.
    Can be loaded online or through payment partners.
    Money can be withdrawn in any ATMs nationwide as long as your Pay Maya is verified.
    It serves as a great alternative for those who doesnt have a debit or credit card.
    Users can check the balance of their account through the application online.
    Users can see all the transactions in-app.

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    It can be use as an e-loading business.

    Disadvantages
    Loading might take some time, requires a lot of patience especially if they were having a system error.
    Users must have a smartphone to use.
    Some websites might still not accredited to use Pay Maya.

    Name: 1200px-PayMaya_Logo.png Views: 22 Size: 25.2 KB

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    A Review On Pay Maya "Mobile Money Application"

    This is an application software that is used for transactions that we want to perform using the internet banking platforms and it has been very popular in the Philippines, this Pay Maya Philippines Software application is formerly known as Smart e-money. Inc. There are many people that are using these services because it is one of the best answer to the online banking challenges that we can have with other services, it is very important that we consider updating it always so that we can use the latest version for the sake of security and other requirements.

    Advantages.
    1. Can be used for transactions that we want to perform urgently.
    2. It has been used as bills payment.

    Disadvantages.
    1. It does not load always.


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    Mobile Money
    When we hear about a "mobile money application" we think that it is some type of electronic cash system that will be used by individuals to send and receive payments using their cell phones. This is one concept that has been around for quite some time, but it has only recently come into the public spotlight.

    However, this is not the same as a mobile money application. This is a concept that allow individuals to use the internet to send funds to their family, friends, and associates in need. It is also used to facilitate online businesses that will allow individuals to pay others through a website.

    While it may sound like an excellent idea, the fact of the matter is that there are certain aspects to making this work that should be considered before using the term "mobile money application." The most important aspect is to ensure that there are no hidden fees associated with using the service. In addition, there are some legal regulations that must be followed.

    To avoid having to pay a fee to access the service, individuals should find out what type of charges and fees apply to the service. If they can avoid paying additional charges, then they can save money. If they have to pay an initial fee, then they may be better off using a different service altogether.

    One way to avoid fees is to make sure that the mobile money application that they are considering has a low monthly fee. Many individuals find that the fee is too high, or they find that they have to pay for a large number of transactions before they can begin receiving the money. In these cases, they may want to consider paying a fee once they have reached the monthly limit.

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    They can also consider using a service that offers payment plans. For example, they may pay a fixed fee once they have reached the maximum amount of money that they wish to receive, then they can change the plan to pay a higher amount of money over time. This allows them to keep track of their transactions without being tied down by a single set payment.

    Another aspect of using a mobile money application is that it allows individuals to make use of their service at any time. There are so many times when individuals have to wait until their bank has closed before they can make another deposit. However, if the money is available at the click of a button, then they can complete an order for the funds to be deposited directly into their account. Once they are in the bank, they can then withdraw the money at any time without waiting. There are many advantages to using the services that an individual can look into using as a mobile money application. These services can allow individuals to make the best use of their cell phones and save money by avoiding unnecessary fees.

    A service that allows individuals to use their phone to access the funds that they need while traveling to a particular product that they are interested in will help to cut down on the amount of time that they spend traveling to purchase the item. These services are very useful when someone has to travel and is unable to purchase the product while they are in the process of moving. The service can also help to prevent travelers from being charged for a transfer fee when they go to a foreign country. Individuals should consider using a service that allows them to receive money from anywhere that they are in the world.

    An individual may also find that a mobile money application will allow them to access their funds as quickly as possible. When they know that there is money in their account, they can do whatever they need with the money before it is deposited into their account. Because there is a minimum amount of time that is needed to get funds into a bank account, individuals will not have to wait for long periods of time. Once they have deposited the funds into their account, then they can begin using the services that are offered to them.

    Challenges of Mobile Banking Applications

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    Challenges and benefits of mobile banking are many. Some observers have predicted that within a decade, the mobile payments market will be as lucrative as the traditional banking industry. Some of the key features of mobile banking: The convenience of having all banking transactions close to hand, particularly those which involve money transfers and purchases. Another benefit of mobile banking, which is often overlooked, is that it eliminates the need for customers to physically go to a bank to receive their monthly banking statements.

    In addition, there are several advantages of mobile banking that go far beyond convenience. This is an area where a company can utilize the Internet to its advantage. One of these new technologies is mobile text messaging. These text messages can also be sent through SMS text or through email.

    The technology used in the creation of a mobile text message enables the sender to receive the message as quickly as possible, even as soon as it has been sent. This is one of the most attractive advantages of using mobile text messaging to send and receive mobile transactions. It is especially useful for consumers who may not have access to a computer to sign in with their mobile phone.

    Some mobile users may use their mobile phones to make purchases from their online bank accounts. Although there are many different ways of sending a transaction through a bank account, there are also numerous different methods of sending a mobile transaction through the Internet.

    Another benefit of using the Internet for mobile transactions is that the transaction is usually less expensive. For example, a mobile transaction is not subject to a bank's credit card processing fee. When sending a payment via the Internet, the bank generally charges a processing fee. It may be less expensive than the cost of printing a physical receipt.

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    Mobile transactions also save time and effort on the part of consumers. A mobile transaction requires no special software on the consumer's side and does not require the consumer to enter sensitive information into his or her personal computer. Another added benefit of sending transactions through the Internet is that they can be conducted from a public computer. even if the Internet service provider is not located within the home or in the same building. Although this technology does not yet replace traditional banks and financial institutions, it has already attracted enough attention that it is quickly becoming a highly desirable option among consumers. Most companies that offer online banking services and transactions use mobile applications that can be downloaded for free and use by both consumers and businesses alike. There are many different types of applications, including mobile credit cards and mobile merchant accounts.

    Most people believe that mobile transactions will replace traditional paper checks. In fact, some people still prefer to receive their payments through a check rather than through the Internet. However, many mobile users prefer to receive their payments through their mobile phone, and many consumers do not want to download any type of application to their mobile phone. Some business owners also worry that the technology used by some companies may enable identity theft. This can be a valid concern, but it is not as widespread as many people believe. Many companies have built their own secure networks for protecting their customers' information.

    As consumers become more interested in mobile payments and their mobile devices, they are likely to demand better mobile banking experiences. As more businesses begin to take advantage of their mobile capabilities, it is likely that new standards will emerge. that can ensure that all mobile devices remain safe and protected from hackers and other malicious software. Mobile payments are now a viable option for consumers who want to conduct their transactions through a secure network without sacrificing convenience. Business owners may choose to consider how to improve their existing service in order to provide mobile users with a secure and convenient experience when completing online transactions.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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