Visitors at a popular weekend market in Makati City can now make cashless transactions using their Maya accounts.
Merchants of the Legazpi Sunday Market, a well-loved al fresco bazaar in the city, may provide their unique QR codes as Maya users.
This means that customers can simply scan the QR codes on their Maya apps instead of bringing out cash for their purchases.
This initiative is in line with the digital bank’s commitment to create a safe and convenient payment system between shoppers and sellers of small and medium enterprises (SMEs).
In a statement, Richard Labitag, head of SME Business at Maya, said that the shift in using this app will also encourages more people to “embrace digital.”
To facilitate businesses into adopting Maya, the company offered them a comprehensive suite of business solutions tailored to their needs and requirements.
It also offered the following incentives:
- Take advantage of Maya’s SME 123 Grow Bundle
- A competitive 2.5% interest rate per annum with Maya Business Deposit
- Access to a business loan offer within three months through Maya Flexi Loan
- A P5,000 credit to their newly created Maya Business Deposit Account for merchants who achieved an average volume of P150,000 within 60 days of creating their devices
Visitors and patrons of Legazpi Sunday Market may also get rewards for their purchases using Maya.
These include:
- Cashback rewards up to P100
- A 10% cashback for new users
- Three free cash-ins, 15 free transfers using the code for “LSMLOVESMAYA” for 90 days
For several years, the Sunday market and its tenants occupied the space of a park in Legazpi Village.
In 2019, however, it moved to a smaller parking lot between the Corinthian Plaza and the Washington Sycip Park due to the construction of a multi-level car park at its previous location.
It is known for its offerings of local and international food, beverages and other products. It operates from 7:30 a.m. to 2 p.m. every Sunday.
READ: Legazpi Sunday market to temporarily move to smaller parking lot