PRE-SALE IS LIVELearn More
Based on the study conducted by Better Than Cash Alliance (BTCA), The Philippines has an estimated 2.5 billions of payments per month amounting to $74 billion (Php 3.76 trillion). But only 1% are transact- ed electronically; 99% of the transactions are paid either in cash or checks.
According to National Baseline Survey on Financial Inclusion, 44% of Filipino adults had domestic remittance in the past six months. On the average, it takes 21 minutes to go to the nearest access point such as banks and money remittance agents. In terms of cost, the average round-trip fare to reach an access point is Php 43.00 (ap- proximately USD 1.00)
OFW (Overseas Filipino Workers) remittances reached USD 26.9 billion in 2016.
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%
1. A medium of exchange to the $30 billion OFW money remittance (Overseas Filipino Workers) industry.
2. Acceptable currency for its notarization nodes services for its future ICO listed companies under the Pearl Pay Exchange.
3. Acceptable currency for companies that will launch its ICO through the Pearl Pay Exchange.
Pearl Pay is a Virtual Money Logistics System (VMLS) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market.
Pearl Pay mobile wallet white-label product, allowing rural banks to launch their own virtual prepaid Pearl Pay accounts as fast as 30 days.
PearlPay's team members.
Co-Founder and CEO
Co-Founder & Chief Legal Officer
Co-Founder Chief Marketing Officer