LUVIT Launched in the Philippines

Took my sweet time traveling to Ortigas this afternoon to celebrate the launch of the new LUVIT Card. It's the new installment based buy now pay later card (connected with Mastercard) that's got a physical card and virtual one for your convenience. 

Folks who are into microlending would surely love this new service by the FinVolution Group including the folks from JuanHand which has been very successful in the country. 

Currently, they are offering 40 days of Zero Percent interest and a credit limit of up to 200K (if you're a good payer). You can avail of 3-6 month installment plants to make it easier for you to pay, something fit if you purchase products daily. If you also love food trips, or go to Boracay for a weekend, or watch BTS or Taylor Swift, wouldn't this be a good idea?!

Francisco Mauricio the CEO of Wefund Lending Corporation says "We want financial freedom to be accessed by Filipinos. We are letting you access it first. We are a startup, but we have been here for more than 17 years, 8 countries in the world. AI is in our DNA, and our sister is JuanHand. It's public, more importantly, we are bound with higher standards. We are the fastest growing financial app in Asia and the vision for LUVIT is to make financial choices human and simple. Loans can be used to buy fertilizer for farmers, it is something that people dream about, as we get the flexibility to pay. Remember, more than 90 percent of Filipinos don't have this. They have the capability to borrow and pay. This financial tool can get you places. Loans can be powerful, even the biggest corporations borrow money. Finally, we are helping you to enjoy it. You can now live the life you deserve."

Thing is, they are telling us that they can approve applications for their card in as fast as 90 seconds. If you're looking for something to buy and you don't have the money for it yet, this could be a life saver! There are also a lot of establishments that accept Mastercard which means you can access a lot of merchants through this card and it's virtual counterpart. Customer service has live agents so concerns can be easily addressed when you need to. You only need one ID to apply for it. With the card, you can pay for it right away or do a flexible payment instead.

You can now download it on the Google Play store (if you're on Android) or the App Store on iOS by searching LUVIT x JuanHand. Spot the app with the green heart and enjoy the perks starting now!

PayMaya is Gone.... Meet MAYA

When I head the news that the iconic PayMaya bird would be gone, I admit... I was a little sad when I heard that. It's very iconic, but as they say in the industry... change is inevitable.

Gone are the days of digital wallets being just a wallet to send and receive money... or pay bills. These days, people need an all in one place to do ALL their transactions. To change the way you do things, this is where MAYA comes in.

MAYA is cooler, sleeker, and a whole lot different from its predecessor. The tagline that stuck to me was "It's everything, and a bank!" which you can download off the App Store and Google Play. The difference now is that aside from sending and receiving money, paying bills, is that you can purchase crypto currency for as low as Php 1. 

There's also MAYA Savings wherein you can deposit money and get up to 6% introductory interest til August 31st this year. I already some of my funds transferred because of it and you don't have to spend fees in transferring from your wallet to the savings account. The third section in the app is Maya Credit where you can borrow money as much as Php 15,000. You can use this for paying your bills, essentials in your supermarket, buy load or another smartphone. If you want to buy Crypto, just click on they Maya Crypto option on the wallet section and just agree on the prompts indicated there. You need upgraded status to access Maya Bank and Maya Crypto so make sure to have yourself verified through that. You won't see the word PayMaya but the Maya Wallet can do everything that it did in the past.

My first purchase of Crypto from them was Ethereum, it was just a normal transaction and I immediately got the notification that the purchase was successful. If it was this easy and I didn't have to file any paper or form, I'm sure everyone would find it that easy too.

If you haven't seen the changes yet on your app, go download the update now and hurry, take advantage of that 6% interest rate because it's super high for bank standards. They're one of the few who got permission from BSP to be a digital bank. It would be foolish if you didn't do that. Oh and may I say, they've got 3 Million Pesos worth of bitcoin up for grabs if you follow their promos. I can't tell you everything because you'll be battling with me for that, haha!

You've got to beat me to it!

Government Transactions on PayMaya: Get the Bills Bayad Rewards

PayMaya has always been a convenient solution for me when paying for bills, groceries, even game cards when I need it. These days, they're bringing even more services to the app that now includes government agencies and give you perks.

PayMaya accepts payments of Social  Security System, Pag-IBIG Fund, PRC, BIR, and you can do this via the new Bills Bayad Promo. If you pay these through the app during February 1 to March 31st (for first timers) you can get a 10% cashback voucher for it. If you've done it in the past, no worries because you can get 5% cashback for it instead. That means, you can get almost Php 200 cashback by doing it on these dates.

It could be contributions, housing amortizations, professional fees, taxes all in one place. You can also go through their official websites and pay via PayMaya. Aside from cashback rewards, you can use a Php 100 voucher to take out of your total payment by using the code BILLSBAYAD when you register, you can also load up in 60,000 partner agent touchpoints around the country to do it. Other than that, you can always tie up your bank through the app and cash in that way which is so convenient for me. You can check PayMaya.com or SmartPadala.ph for more information about it. They've got it all there!