Manny Pacquiao Steps Into Fintech Innovation
Manny Pacquiao, a former senator and boxing icon, has officially launched Manny Pay, a digital payment software certified by the BSP and made by 7th Pillar Integration Systems Corp. Manny Pay Corporation runs the platform, which is meant to make transactions quick, cheap, and easy for both people and companies.
Pacquiao said that the app’s goal is to make financial services easier for Filipinos to use by letting them pay using e-wallets, credit cards, internet banking, and in-person services.
Source: Asia Society
Manny Pay Targets Everyday Users and Businesses
Manny Pay’s main goal is to make it easier for Filipinos to handle their money by putting personal finance and business resources together in one easy-to-use platform. Users may quickly pay bills, move money around, and buy things online safely with low transaction costs.
The software lets company owners make mass payments, recurring payments, and online collections. This makes it a great alternative for digital entrepreneurs, e-commerce merchants, and service-based businesses.
Partnership With Prime Electric Boosts Utility Integration
7th Pillar inked a memorandum of cooperation with Prime Electric Holdings Inc. to speed up the adoption of their product across the country. The cooperation will add Manny Pay to Prime Electric’s utility distribution network, making it easier for millions of clients to pay their bills.
This partnership should make payments easier and make the energy and service industries more open in the country. It is a good illustration of how fintech can benefit real-world infrastructure.
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A Secure Platform for the Digital Economy
Manny Pay Corporation says that the software is designed on a secure, scalable architecture that can handle a lot of transactions at once. It protects user data and makes sure it follows the rules by using multi-layer encryption and real-time fraud detection technologies.
Pacquiao added that his objective is to make digital payments open, accessible, and easy to use, especially for populations who don’t have access to cash-based systems.
Pacquiao’s Continued Venture Into Digital Finance
This launch is Pacquiao’s most official foray into the finance world after he tried his hand at cryptocurrencies and NFTs. He has always been interested in financial technology as a way to give Filipinos more power through new ideas.
Analysts in the field say that Pacquiao’s personal brand and authority might assist in getting people to utilize digital payment systems who might not have done so otherwise, especially in rural areas.
Supporting Financial Inclusion and Economic Growth
Manny Pay fits perfectly with the Philippines’ continuous attempts to make more people able to use money and encourage cashless transactions. The Bangko Sentral ng Pilipinas (BSP) wants to make half of all retail payments digital in the next several years.
Manny Pay helps with that goal by offering a cheap, easy-to-use payment gateway that lets more individuals join the formal economy and use contemporary financial services.
Manny Pay Poised to Shape the Future of Fintech
As the fintech market in Southeast Asia becomes more competitive, Manny Pay’s focus on accessibility and trust might help it stand out from other companies in the area. It works well with existing organizations and services, which means that it will be able to grow in the long run.
Pacquiao’s introduction into financial technology shows how he has gone from being a sports star to a tech pioneer, using his influence, trust, and national pride to help the Philippines‘ digital transformation.
