SSS has tapped digital money services provider PayMaya to help disburse some of its COVID-19 response funds. | miguelrcamusINQ
“More than ever, fast and easy access to funds for their daily necessities becomes critical at this time. We are happy to be part of the government’s thrust in using e-Money as a convenient tool for cash distribution,” he said.
Eligible employers and their respective employees can now link their PayMaya accounts in the My.SSS online portal. This will allow them to receive their wage subsidies when the disbursements start next month. Depending on their location, eligible employees stand to receive P5,000 -P8,000 in subsidies from the government through the SSS. Employers have until April 30 this year to submit their applications at the SSS website.The government has set aside a P51 billion fund in wage subsidies for small businesses whose employees were affected by the enhanced community quarantine.
After receiving their wage subsidies or loan proceeds in their PayMaya accounts, employee beneficiaries may immediately use the funds to pay bills, buy airtime load, send money or buy goods online, PayMaya said.
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