Pacquiao to launch PacPay payment platform in 2021
Boxing icon and Senator Manny Pacquiao will be rolling out a new digital payment platform, the PacPay.
Expected to launch in 2021, PacPay will provide users with prepaid solutions to make payments conveniently. It also aims to help local businesses connect to global influencers and millions of fans globally.
Spotted on its official website, the digital payment solution has features such as storing, tracking, sending, and receiving digital assets on the go.
The said platform intends to help Overseas Filipino Workers, global influencers, brands, and fans, with their financial transactions. The business focuses on international money transfers to manage the huge potential of cross-border payments in Southeast Asia. This is under Pacquiao’s fintech company Pac Technologies, which has recently announced a strategic partnership with fintech remittance firm Remsea to facilitate both companies’ initiatives in the financial technology system.
Pacquiao has mentioned that said part of the platform’s proceeds will finance charity projects in the Philippines.