Fintech solutions in the country have not fully taken off yet, with still more than 36 million unbanked Filipinos. While the country’s business financing ecosystem remains limited, many startups have already entered the E-wallet industry. One such digital company is PisoPay.com which takes pride in customizing banking solutions for its clients. 

Such service-oriented delivery for unbanked individuals, microfinancing entities, and cash-strapped government bureaus and agencies is why PisoPay.com has been named one of the nominees for the first-ever P-Innovator Summit Awards on June 24.

The Fintech startup has offered remittance and payment operating systems services, duly licensed by the Bangko Sentral ng Pilipinas (BSP) since 2018. PisoPay.com promises to deliver its fully-integrated services according to each client’s unique needs to ensure end-to-end payment capabilities.

On its road to gaining the trust of its stakeholders in the Philippine market, the company continues to bank on its ability to assist with its clients’ long-term and comprehensive financial growth. It sets itself apart from the various available payment gateways in the country by limiting the cashout requirements for its services, mainly in setting up functional payment systems for collections that cover processes from financial assessment to documentation, among others.

Its more prominent clients include the Department of Health’s Bureau of Quarantine, the Land Transportation Franchising and Regulatory Board (LTFRB), and Marina. As the fintech competition scales up in the country, PisoPay.com is looking to identify more niche markets, particularly in Local Government Units (LGUs) and Barangays, while activating more sari-sari merchant partners on top of its existing 90.  

Pushing to go into cashless systems, the company helps individuals pay their bills and shop online via their eWallets, securely send or receive money in real-time, and track their finances conveniently. For merchant partners, the company’s services help by offering potential income growth through additional services such as mobile loading, bill payment, and remittance features, increasing physical store foot traffic, and enjoying low-cost to almost zero investment.

Learn more about the 1st P-Innovator Summit by visiting Recognizing the Best Performing Digital/Innovative Business in PH Via an Inaugural Summit – iLead – Institute of Leadership Entrepreneurship And Development (i-leadacademy.org) 

The 1st P-Innovator Summit

In partnership with UHY M. L. Aguirre & Co. CPAs, and Babylon2k.org, the P-Innovator Summit will hold its inaugural awards this year, after which shall be an annual event.

The awards aim to recognize the most innovative local companies pushing the envelope in digital transformation, mainly in business-to-business (B2B) and business-to-customer (B2C) strategies. Eligible for the awards are companies in fintech, communication, virtual currency exchange, gaming, retail, and other digital intermediaries. 

Awardees will be determined based on innovation, strategy, engagement, metrics, and campaign results. A panel comprising members of the organizing partners and affiliated entities will select the final list of awardees upon thorough reviews of the submitted entries.