Taking your business into new territory is always going to be challenging. Still, with the right tools and strategies, you’ll avoid the most common pitfalls and keep your operations running smoothly, even as you expand. Of the many tools that you must acquire to sustain your expansion, payment solutions need to be right on top of your list.
This is especially true in the Philippines, where digital payment adoption continues to increase year-over-year. While most Filipinos have already adopted digital payments for many of their transactions, the proportion of non-cash transactions continues to increase each year. This has had numerous implications, with a growing number of Filipinos no longer carrying any physical cash and primarily shopping online. This cashless trend has even changed the nature of birthday and year-end holiday gift-giving, with ninongs and ninangs opting for digital wallet transfers via Maya and other e-wallets over doling out the once-familiar ang pao.
If you operate a business in the Philippines, these changes should give you pause as they can directly impact the success of future expansions. Thankfully, Maya has your back. Widely considered the Philippines’ best online payment processing company, Maya offers a full suite of online and offline payment tools that meet today’s digital payment challenges. Let’s look at what you can expect when you use Maya as your primary online payment processing service.
1. Customer Patronage and Loyalty through Hassle-Free Payments
The Philippine payments environment is nothing if not diverse. While cash continues to be king in many places, a huge number of Filipino adults now have a preferred digital alternative. Digital wallets like Maya are in the lead, but they are not the only popular cash alternatives. Aside from smaller digital wallets, non-cash options like credit cards, debit cards, direct bank transfers, and QR Ph transactions all have their following as well.
Regardless of their individual preferences, this new generation of cashless customers has become accustomed to frictionless experiences. Even modest delays can hamper your relationships with this growing segment, leading customers to prefer your competitors.
With Maya Business tools, you can ensure every customer can have their preferred online payment processed without issue, earning their patronage and loyalty in the process. Maya Checkout, our flagship payment gateway solution, empowers you to accept a full range of digital payments on your website. Online customers who prefer to transact over email or instant messaging can also be accommodated through Maya Payment Links and Maya Invoice Payments. Those who need to pay in-person transactions can also be accommodated through the industry-standard Maya Terminal.
2. Maintain Credible Security As You Scale
The flaws of legacy payment systems become more exposed with time, making them vulnerable to malicious parties. What’s more, they often require convoluted workarounds to function, widening the potential for errors or intrusion.
Maya Business’s digital payment solutions are equipped with advanced security features to safeguard sensitive customer data and reduce the risk of payment fraud. Over the years, Filipino customers have come to trust Maya, and as such, seeing Maya’s branding on your payment systems may help increase trust in your business.
3. Easy Integration with Popular E-Commerce Platforms
If your business already has an e-commerce site, Maya Business lets you integrate its payment gateway through plugins. With specialized plugins for WooCommerce and Shopify, you can get a trusted payment system working flawlessly on your website in no time, positively transforming your payment experiences overnight.
4. Operational Cost Savings
Maya’s payment solutions can eliminate much of the need for manual processing and reduce your dependence on physical infrastructure for facilitating all your sales. These savings, no matter how big or small, can be redirected towards productive scaling efforts like hiring staff, expanding inventory, or acquiring new business locations.
5. Simpler Financial Management
The Maya Business Manager dashboard consolidates all Maya Business solutions, simplifying your daily financial management and reporting. This streamlined approach saves you from the burden of accurately logging increased transactions when you scale, giving you the confidence to focus on whatever you do best.
6. Stronger Cash Flow
Reduced payment friction, increased business visibility, and accurate processing all contribute to a potentially stronger cash flow for your business. With Maya Business Manager, you can effortlessly monitor inflows and outflows, allowing you to better plan expenses and making it easier to latch onto growth opportunities as they arise.
7. Easier Global Transactions
Lastly, Maya’s online payment solutions simplify cross-border transactions, giving your business access to a global market. Maya Checkout supports foreign Visa and Mastercard credit and debit cards, allowing you to cater to overseas customers.
Scale Your Business to New Heights with Maya Business Solutions
Whatever your business, Maya’s digital payment solutions are invaluable assets in its expansion journey. When integrated into your business, they can open up more efficient ways to meet your mission and vision, improve customer experiences, and empower smarter decisions throughout your organization. Sign up for Maya Business today to experience a better way to scale up your business.
Setting up a Maya Business account also grants you access to a high-performance Maya Business Deposit account for your payment settlements. It offers an industry-leading 2.5% per annum interest rate, earning you PHP 25,000 in interest per year on just a PHP 1 million deposit. Even better, you can use your Maya Business Deposit account to send money to your partners and suppliers for free via InstaPay and PESONet, saving you more on your daily transactions.
If you’re expanding your business, you’ll also be thrilled to learn that signing up also qualifies you for a no-collateral Maya Flexi Loan offer of up to PHP 2 million within just 3 months. With this additional source of cash, you can gain more options in executing your expansion strategy. For bigger and better future loan offers, just use Maya as your primary processor for all wallet and card payments.
Sign up for Maya Business today to start enjoying seamless scaling through Maya Business solutions.
