Government agency eyes to aid 60,000 MSMEs
The government, through the Small Business Corporation (SB Corp.), is targeting to extend assistance to 50,000 to 60,000 micro, small and medium enterprises (MSMEs) nationwide adversely affected by the Covid-19 pandemic.
SB Corp. spokesperson Azel Solano on Thursday said MSMEs can apply for loans under its Bayanihan Covid-19 Assistance to Restart Enterprises (CARES) program.
SB Corp. has so far approved P2 billion worth of loans for over 20,000 MSMEs under the said program.
“Our target is to help 50,000 to 60,000 MSMEs nationwide. Many are in need. With the funds that we have, hopefully, many more can apply for loans” Solano said in a press briefing. Under the program, MSMEs can apply for loans ranging from P10,000 to P5 million, depending on their financial standing before the Covid-19 pandemic hit.
Read more on Inquirer.net.
Mobile wallet now allows transactions over chat apps
PayMaya on Tuesday said it has introduced a new feature on its mobile app that lets online sellers accept cashless payments on Viber, Messenger, Instagram, and other social media and chat apps.
Online sellers can use the Paymaya app’s Payment Links and QR Ph features to generate a link or QR code to accept payments, the mobile wallet operator said.
“Sellers only need to generate a Request Money link or get their QR Ph code by going to the PayMaya app, clicking the User Profile icon on the top-left portion, and tapping on the QR code icon next to their name and mobile number,” Paymaya said.
They can then send this payment link or the screenshot of their QR Ph code to their customers via social media and chat apps.
“Meanwhile, buyers only need to tap on the link sent by the seller or scan or upload the seller’s QR Ph code through the PayMaya app to make a payment,” Paymaya said.
Read more on ABS-CBN News.