- Licensed by the Bangko Sentral ng Pilipinas (BSP), Pisopay.com Inc. has positioned itself as a trusted provider of low-cost digital financial services tailored to the Philippine market.
- By empowering local merchants to serve as community-based financial hubs, the company extends the reach of digital payments and remittances to areas often underserved by traditional banking infrastructure.
Fintech challenges: Filling gaps in a growing digital economy
The fintech sector in the Philippines is expanding rapidly. By 2023, over 200 licensed fintech companies were active in the country. However, many areas—especially rural communities—still face challenges. These include limited internet access, weak digital infrastructure, and low levels of digital literacy. As a result, cash remains the dominant form of payment in many parts of the country.
Pisopay.com Inc. is one of the local fintech companies addressing these gaps. It is registered and supervised by the Bangko Sentral ng Pilipinas (BSP) and was founded to deliver secure, affordable, and accessible digital financial services to a wider population. With more Filipinos using mobile and online tools for daily payments, Pisopay provides a user-friendly platform tailored to local needs.
The company offers real-time money transfers, electronic bill payments, mobile wallet top-ups, and QR code-based purchases. Each transaction includes instant SMS notifications, helping ensure transparency and safety. Pisopay also targets users who do not have traditional bank accounts, aiming to bridge the financial inclusion gap through low-cost, accessible tools that serve both individuals and small merchants in underserved regions.
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Key services: Remittance and payments for everyone
The platform supports real-time fund transfers at very low costs—some starting at just one peso, making it one of the most affordable options in the local fintech space. In addition to remittance, Pisopay offers a range of digital payment services, including online bill payments, QR code-based merchant transactions, and mobile wallet top-ups. These features enable users to manage their daily financial activities through a single, streamlined platform.
Each transaction generates automatic SMS notifications, which serve as a form of confirmation and add a layer of user-facing security. This is particularly important in regions where mobile connectivity is more reliable than internet coverage. Pisopay’s system is also designed to function without requiring users to have a traditional bank account. This makes it highly accessible to unbanked or underbanked individuals, who often face barriers to formal financial services.
Merchant support: Extending fintech access through small businesses
The fintech sector in the Philippines is expanding, with over 200 licensed companies active as of 2023. However, limited internet access, poor infrastructure, and low digital literacy continue to restrict the reach of digital finance, especially in rural areas where cash still dominates. To address these challenges, Pisopay enables small businesses to become “Pisopay Centres”—local hubs that allow customers to send money, pay bills, and access digital wallets without needing a bank account. Shop owners only need to invest in basic tools and can earn extra income through commissions. This merchant-based model helps extend financial services into underserved areas where traditional banking is often unavailable.
