You can receive your SSS Wage Subsidy through PayMaya

Many employees and workers have been affected by the COVID-19 pandemic especially those working in industries that were forced to temporarily suspend their operations. The good news is employees and workers affected by their work suspensions can qualify for SSS Small Business Wage Subsidy (SBWS) program or apply for other loans and have the funds disbursed safely and conveniently to their PayMaya account. The application period for this subsidy program has been extended until May 8, 2020.

PayMaya has partnered with SSS to be the only e-wallet that can receive SBWS funds from the government, allowing even those without a bank account to conveniently receive the subsidy by simply signing up for a PayMaya account using their mobile devices.

Also Read: PayMaya is now SSS’ newest collection partner

All you have to do is make sure to provide your PayMaya mobile number to your employer, who will then enroll your PayMaya account to be linked to SSS once they receive access to the SBWS application portal. 

If you don’t have a PayMaya account yet, let us share you these easy steps:

PayMaya SSS Wage Subsidy
  1. Download the PayMaya app on your iOS or Android phone
  2. Register for an account using your Mobile Number, Name, and Email Address
  3. Enter the Verification Code that will be sent to the Mobile Number you registered with
  4. Upgrade your account by accessing the menu and tapping “Upgrade Your Account”
  5. Once your account is set up and upgraded, give your PayMaya mobile number to your employer who will then enroll your account through the SSS online portal
PayMaya SSS Wage Subsidy
PayMaya SSS Wage Subsidy

Once enrolled, loan proceeds and wage subsidies can now be disbursed to your PayMaya account once the funds are available. Wage subsidies and loan applications are subject to approval of SSS and based on eligibility of employees after application has been submitted by their respective employers.

To successfully receive your wage subsidies and loan proceeds via PayMaya, make sure that your PayMaya accounts are upgraded. For a faster and smoother upgrade process, uploading a Unified Multi-Purpose ID (UMID) is recommended. Likewise, ensure that the information in your upgrade application form is the same as the one reflected in your ID. For more information on how to upgrade your PayMaya account, visit www.paymaya.com/upgrade.

Once upgraded, you may encash the SSS Wage Subsidy funds through more than 30,000 Smart Padala centers nationwide or withdraw the funds at any Bancnet ATMs currently available using their physical PayMaya card. 

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