The Better Way To
We are a Fintech solutions provider that provides world-class yet affordable end to end digital banking solutions designed to interconnect the entire banking and payment industries in the Philippines.
The Better Way To
We are a Fintech solutions provider that provides world-class yet affordable end to end digital banking solutions designed to interconnect the entire banking and payment industries in the Philippines.
Filipinos spend an average of 21 minutes and 43 Php to go and process transactions to the nearest financial access points.
Banks charge an average of 11% to send money to the Philippines, which is over 3% higher than the global average cost of 7.3%
Only a handful of rural banks are online and members of foreign payment networks such as MasterCard and Visa or local interbank network like Bancnet.
Philippines has an estimated 2.5 billions of payments monthly amounting to $74 billion (Php 3.76 trillion) annually but only 1% are electronic while the remaining 99% are transacted in cash or check.
More than 75% of Filipinos still don’t have the right financial access due to accessibility. Not all banks, especially rural banks, have e-payment systems and mobile payment solution service providers; despite rural banks having a wider reach with more than 90% scattered strategically throughout the country. Additionally, most available technologies and payment solutions that need an updated phone or good wifi connection are not incorporated in the Filipinos’ financial habits.
PearlPay’s range of products offers a unified payment network that promotes a secure digital financial lifestyle that doesn’t rely on the internet or the latest gadget. This ecosystem of solutions provides beneficial financial access and services to financial institutions, small and medium enterprises, and Filipinos.
How We're Changing Filipino Lives
More than 75% of Filipinos still don’t have the right financial access due to accessibility. Not all banks, especially rural banks, have e-payment systems and mobile payment solution service providers; despite rural banks having a wider reach with more than 90% scattered strategically throughout the country. Additionally, most available technologies and payment solutions that need an updated phone or good wifi connection are not incorporated in the Filipinos’ financial habits.
PearlPay’s range of products offers a unified payment network that promotes a secure digital financial lifestyle that doesn’t rely on the internet or the latest gadget. This ecosystem of solutions provides beneficial financial access and services to financial institutions, small and medium enterprises, and Filipinos.
PearlPay has signed a pilot program agreement with BHF Rural Bank, Inc. (BHF), based in Dagupan City and operating seven branches.
This marks the first time a Philippine rural bank will utilize cloud-based technologies such as core banking solutions (CBS), agent banking solutions (ABS) and white-label eWallet solutions, all of which are designed to reach customers with limited or no access to the internet.
