Maya and Coins.ph are two leading digital financial services or digital wallets to send money in the Philippines. They operate under the supervision of the local central bank (Bangko Sentral ng Pilipinas/BSP).
Maya (formerly PayMaya) is a one-stop financial app. This platform combines the functions of a digital wallet, a digital bank (Maya Bank), and investment features. Maya can be used for QR code payments in stores, online shopping, bill payments, mobile phone credit purchases, and national and international money transfers.
Coins.ph is Southeast Asia’s first digital financial services platform based on blockchain technology and focused on cryptocurrency. Like Maya, Coins.ph is also a digital wallet for bill payments, mobile phone credit purchases, and money transfers. However, Coins.ph is primarily used as a regular crypto exchange. This article will cover how to send money from Maya to Coins.ph and vice versa. Read on for more information!
How to Send Money From Maya to Coins.ph
Make sure you have downloaded the Maya app. The first step is to open your Maya app and tap “Transfer.”
Enter the following transaction details:
- Bank: DCPay Philippines Inc.
- Amount – The maximum amount is ₱50,000
- Account Number – Your recipient’s Coins.ph account number
- First Name – The recipient’s name
- Last Name
- Recipient’s Mobile Number – To notify your recipient via SMS (optional)
- Destination – You can write anything, such as “money transfer.”
After completing all the required fields, press “Continue.”
Double-check your payment details and ensure the account number is correct. Tap “Submit.”
Enter the one-time PIN sent to your virtual mobile number. You may be prompted to enter a PIN or receive an OTP SMS to complete the transaction. Then tap “Continue.”
Maya will then begin processing the transfer, and the funds will be credited to your Coins.ph account within a few minutes. If your recipient hasn’t received the funds after an hour, email support@paymaya.com and provide the transaction reference ID.
You will then receive a text message from Maya confirming the successful transfer. The recipient will also receive the same message.
How to Send Money From Coins.ph to Maya
To send money from Coins.ph to Maya, ensure your Coins.ph account is verified using your ID and a selfie before making a transaction. The first step is to log in to the Coins.ph app and select “Cash Withdrawal.”
In the list of cash withdrawal options, go to “E-Wallet” and tap the Maya (PayMaya) logo.
Enter the amount you wish to send to Maya. Tap “Next.”
Enter the payment details as follows:
- Account Name – Your recipient’s name
- Maya’s Mobile Number
- Recipient’s Mobile Number
- Tap “Next” when finished.
Review your transfer details. Swipe your finger over the “Swipe to Confirm” button.
Enter the verification code sent to your email, then tap “Send.” If you don’t receive the email, click “Send code via SMS.”
Wait for the transfer to complete, usually within a few seconds. If your recipient hasn’t received the money within an hour, click “I need help with my cash withdrawal” to send a message to Coins.ph.
Review your details. Then, enter the OTP code sent via SMS to your number to complete the secure transaction. Both you and the recipient will receive a text message confirming the funds transfer.
That concludes our brief tutorial on how to send money from Maya to Coins.ph and vice versa. In most cases, fund transfers between Maya and Coins.ph may experience delays due to technical issues with your e-wallet. Don’t worry if you encounter such issues; you can wait a few hours for the transfer to complete, or you can contact Maya or Coins.ph Customer Service regarding your delayed or failed transaction.