Launchgarage, a tech innovation hub in Manila that provides a venue for open collaboration, knowledge sharing, events, acceleration, has teamed up with Pearl Pay, a Philippine-based Fintech company and mobile wallet enabler, on an advisory capacity to explore possibilities on delivering world-class payment solutions to transform the country’s financial industry.
Launchgarage has been a part of the local and global startup industry for more than 20 years. The company has been at the forefront of identifying unique startup needs to build meaningful businesses with maximum impact throughout the country.
“We believe that the secret to a vibrant innovation culture is bringing together, in one space, bright minded people with a shared passion for ambitious ideas that can change the world. We accelerate tech startups through deal flow, mentorship, programs, and network reach,” Launchgarage explained its part as an accelerator and innovation hub in Manila. –
To date, the company has seen more than 550 Philippine startups and evaluated more than 2500 global startups with 32 startups in its portfolio. The same mission will be driving its partnership with Pearl Pay to build collaboration into other thriving innovation ecosystems around the world.
Pearl Pay will offer world-class yet affordable banking applications that can interconnect the entire banking and payment industries in the Philippines. The company will provide an ecosystem of products and services such as:
- Mobile payments – bills, remittance, loans, and other payment needs
- Digital Cash – Prepaid E-Wallet
- Cloud-based Core Banking Solution
- Agent and Biometric Banking Solution
- Access to all partners and networks powered by the Pearl Pay technology
As a fintech company in the Philippines, Pearl Pay aims to provide solutions that will not just offer alternative banking solutions but also offer Filipinos the technology to make their lives easier and empower their potential. As a mobile tech wallet enabler, Pearl Pay doesn’t compete with banks. Instead, it will enable institutions in the Philippines like the rural banks, schools, pawn shops, sari-sari stores, gasoline stations and other MSMEs with world-class mobile wallet payment technologies and a profitable revenue share model are the key to transforming the Philippines.