Manny Pacquiao Launches Manny Pay App New Payments Aplication Offers Fast, Low-Fee Digital Transactions

Manny Pacquiao is making a formal entry into the Philippine financial sector with “Manny Pay,” a new payments application operating with a Bangko Sentral ng Pilipinas (BSP) licence.

The app is not just for consumers as it also heavily targets the corporate market with B2B services like "Mass Payout" and "Online Collection".

This venture is a distinct shift from his past involvements in the unregulated Web3 space, which included a “Pac Token,” a partnership with the Shiba Inu Ecosystem, and an NFT project linked to the SEC-warned LodiCoin.

This new, regulated app is not just a consumer e-wallet. Powered by 7th Pillar Integration Systems Corp., Manny Pay handles payments from multiple sources, including credit cards, bank transfers, and other e-wallets, while reportedly offering lower fees.

Furthermore, the platform is heavily targeting the corporate market. The platform offers B2B services like “Mass Payout” and “Online Collections,” and relies on a key partnership with Prime Electric Holdings Inc. to streamline the utility’s bill payment system.

The app’s dual focus on B2B and consumer payments aims to find a foothold in the country’s competitive fintech market.

Featured image: Edited by Fintech News Philippines based on images by sohel tanwar via Freepik, Manny Pacquiao via Instagram and Manny Pay.