EconomyEditor's PickFintech company JustPayto tapped for MSME digital payment system

January 5, 2023
JUSTPAY.TO

THE Department of Trade and Industry (DTI) said it signed a partnership deal with financial tech firm JustPayto Philippines Corp. to provide digital payment services to micro, small, and medium enterprises (MSMEs).

The DTI said that the partnership with JustPayto, finalized in December, will onboard all interested DTI-registered businesses into the fintech’s platform.  

“We are very excited with this partnership as it will help accelerate the digitalization of MSMEs nationwide,” Trade Undersecretary Blesila A. Lantayona said in a statement.

According to the DTI, registered merchants enrolled with JustPayto will have the ability to accept both online and in-store payments including Visa and Mastercard credit cards and debit cards, bank transfers, and electronic wallets.

It added that the MSMEs will have the ability to monitor their cash flow while building their credit history for taking on future loans.

JustPayto will also conduct entrepreneurship seminars and talks across various regions.

Trade Secretary Alfredo E. Pascual has said the department is seeking to bring about the economy’s digital transformation, adding that MSMEs should be digitally-driven enterprises needing support during their transition.

JustPayto was founded in 2016 and is registered with the Securities and Exchange Commission and licensed and regulated by the Bangko Sentral ng Pilipinas. — Revin Mikhael D. Ochave

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: SmartPeopleMail.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 SmartPeopleMail. All Rights Reserved.

IT'S YOUR OPPORTUNITY OF THE YEAR!
Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.