FASTER LOAN PAYMENTS. Maya sets up a booth at the Government Service Insurance System Head Office in Pasay City on Monday (March 18, 2024) to assist borrowers in using their platform for loan payments. GSIS President and General Manager Wick Veloso said the partnership with Maya further simplifies the payment process, enabling borrowers to settle their loans conveniently anytime, anywhere. (Photo courtesy of GSIS)
MANILA – Borrowers of the Government Service Insurance System (GSIS) will now have another option to pay for their loans as the state pension fund announced on Wednesday its partnership with Maya (formerly PayMaya).
Through this partnership, GSIS President and General Manager Wick Veloso said Maya becomes one of the payment choices available within the GSIS Touch, facilitating faster and more secure loan payments.
"We are enhancing our digital payment platforms to provide convenience to our members and pensioners. Maya will further simplify the payment process, enabling borrowers to settle their loans conveniently anytime, anywhere,” he said in a press release.
Veloso said this partnership is in accordance with Republic Act (RA) No. 8792 (Electronic Commerce Act of 2000), and RA 11032 (Ease of Doing Business and Efficient Government Service Delivery Act of 2018), which mandates government agencies to utilize electronic means for transactions and ensure efficient service delivery to the public.
Using the GSIS Touch, members and pensioners can pay by selecting the loan type and payment amount, and choose the Maya option under the eWallets section.
They will then be directed to the Maya app to confirm the payment, with payment details e-mailed to them for confirmation.
"We believe in the transformative power of digital payments for government services, and we're proud to enable borrowers to settle their loans using Maya, making the process easier, faster, and accessible to all,” Maya Head of Enterprise Pete Cruz said.
GSIS Touch allows payments for several loans, including GSIS Multipurpose Loan Flex, GFAL-Education Loan, Policy Loan, Emergency Loan and Pension Loan.
Borrowers with e-wallet accounts in Maya, GCash, JuanCash, Starpay, TayoCash, and USSC Money Services Inc. (UMSI); as well as bank accounts in AllBank, AUB, Cebuana Bank, Chinabank, Landbank, Metrobank, PNB, PSBank, RCBC, UnionBank and VYBE by BPI, can use the Maya option. (PNA)
