How to Register a PayMaya Account without a Phone Number

Posted on 13/11/24 03:35 am

Do you want to complete PayMaya registration to start managing your finances conveniently, but don't have a Malaysian phone number to verify your account? Today, this is no longer a big issue. Thanks to helpful digital tools, you don't have to use your private phone number anymore.

Let’s explore the details, but first, let’s review the useful functionality that the PayMaya app offers to Filipinos.

What is PayMaya?

PayMaya, now simply known as ‘Maya’, is a Filipino online payment app that allows Filipinos to make digital payments and conduct other financial operations. The company has made a significant contribution to the development of the fintech industry in the country and banking in general, becoming the first digital payment system with over 25 million users.

For a long time, the population of the Philippines was largely ‘unbanked’ — they did not use banking services at all. But PayMaya, which evolved from the parent company Smart Money in 2016, became a pioneer in the fintech field. The overall development of digital banking drastically changed the situation. This shift happened mainly due to the enhanced accessibility, speed, and security of banking services for Filipinos. Today, over 70% of the population uses digital banking services.

What is PayMaya in Terms of Functionality?

The most important service for almost any Maya account holder is, of course, the PayMaya digital wallet. With it, you can:

Pay for utility services and other recurring payments.
Make offline purchases faster by scanning QR codes.
Use the attached cards, both virtual and physical, to check out in online stores and marketplaces.
Utilize cryptocurrencies in the wallet’s Crypto Section — in addition to fiat money. The list of available coins includes Bitcoin, Ethereum, Cardano, and others.

Moreover, with a registered PayMaya account, you get access to the ‘PayMaya Savings’ feature. Powered by MayaBank, it allows you to open a savings deposit with an interest rate of 4.5% p.a. Plus, the app periodically increases the interest rate. This feature offers a higher interest rate for new users.

Additionally, with the PayMaya Personal Goals feature, Maya account holders can easily set up both short- and long-term personal goals. For example, you can save for an emergency fund, set aside money for an upcoming family vacation, or save for a down payment on a mortgage.

All goals earn 4% interest per annum. You can replenish your Personal Goals by transferring funds from your Maya Savings account, Maya Wallet, or external banks and digital wallets.

If you're looking to earn even higher interest, PayMaya Deposit Plus is a useful feature. It lets you save faster for medium or long-term goals, and you can earn interest on up to five Time Deposit Plus accounts simultaneously, each with a ceiling of up to PHP 1 million and minimal cancellation fees.

How to Complete PayMaya Registration: Tips & Requirements

Users can register for a PayMaya account either as individuals or organizations, but the registration procedures differ. To create a personal account, you need to enter your first and last name, choose your country code, and provide a mobile number. Then, create a secure password that is both easy to remember and reliable.

If you wish to open a business deposit account, you need to follow a few additional steps. First, convert your PayMaya account into a PayMaya Business Deposit Account by clicking the relevant button on the homepage. Then, provide your business details, including the type of business (e.g., ‘Registered business, Corporation’) and the services you offer.

After that, read and accept the Terms of Service of the PayMaya app. Finally, enter the 6-digit confirmation code that was sent to your registered email address. Later, you’ll need to complete two more steps to switch to a Maya Business Deposit Account, including receiving a confirmation email and completing a quick video call (which may take 1-3 business days).

If you're concerned about the privacy of your data and don't want to use your personal mobile number, you can consider using a disposable virtual number for PayMaya registration. Let’s explore why this might be a smarter choice.

How to Register a Maya Account without a Phone Number?

Virtual phone numbers with a limited lifespan allow you to receive SMS messages just like traditional mobile numbers, but without the need for a SIM card. This approach offers a higher level of security because:

There’s no way to trace the number back to you. Users obtain virtual numbers without having to provide any proof of identity such as a national ID, passport, etc.
There’s no risk of compromising your actual geolocation or physical address.
Text messages are sent not to a smartphone, but to specialized cloud software that further reduces the risk of tracking.
The number expires 20 minutes after it’s activated — typically after you use it to apply a confirmation code (e.g., for your Maya account activation).
You can select from a variety of national codes — over 190 options — for nearly any global or local service. SMSPinVerify supports 4000+ platforms and apps.

Additionally, virtual numbers are nearly interchangeable, allowing you to access any restricted platform or set up multiple accounts with unique phone numbers. Obtaining a disposable phone number can cost as little as $0.16, depending on the required service.

Here’s How to Purchase a One-Time Use Number with SMSPinVerify for PayMaya Registration:

Sign up at smspinverify.com by filling out the registration form or logging in via your social media account.
Deposit funds into your account using any convenient method, including VISA, crypto, Payeer, AliPay, and more.
To buy a one-time-use number, click on ‘Receive SMS’ and choose PayMaya as the service. Then, select the required country code and click ‘Purchase’.
Go to the bottom of the page, copy the virtual number you received, and use it for PayMaya registration.
Request the verification code by clicking ‘Get SMS’ next to the number in your SMSPinVerify profile.
Copy the code and use it to complete the PayMaya registration.

Back to Blog