McDonald’s Philippines goes cashless with PayMaya
PLDT Incorporated unit PayMaya Philippines has partnered with Golden Arches Development Corporation (GADC), which holds the exclusive franchise of McDonald’s in the country, to step up the telcos’ battle on cashless payments.
Over 40 McDonald’s restaurants nationwide have started accepting card payments for all types of Mastercard and Visa credit, debit, and prepaid cards, through a collaboration with PayMaya Philippines.
The competition between the country’s two telecommunications giants, Globe Telecom Incorporated and PLDT, has spilled over into mobile payments. In February 2017, Globe inked a deal with Ant Financial, with the Alibaba unit subscribing to new shares in Globe Fintech Innovations Incorporated (Mynt).
In the future, PLDT and Globe are targeting to equip various retail partners – down to the sari-sari store levels – with quick response (QR) codes.
Photo courtesy of uditha wickramanayaka.
- Inclusive Fintech