In the not-too-distant past, checks and cash were the predominant methods of transaction processing, leaving an indelible impression on the financial domain. Following this, plastic playing cards emerged, which at first necessitated labor-intensive procedures, including imprinting on carbon papers. A subsequent technological advancement enabled the smooth utilization of plastic cards for online transactions, ushering in a new era.
By reducing transactions to the simple act of clicking a button, the field of digital payments, pioneered by companies like PacPay, has significantly altered our daily lives. Many continue to be mystified regarding the inner workings of PacPay, despite its expanding influence. Presently, we commence an illuminating expedition to reveal the intricacies of Manny Pacquiao’s digital payment platform and the significant ramifications it has had on the financial domain.
What is PacPay?
Everyone wants to invest in the rising digital payments economy. Legendary boxer Manny Pacquiao is the new player in the ring. After reaching several heights in his boxing career, the senator is about to launch his digital payment platform for brands, social media influencers, and fans.
Manny Pacquiao seeks to use his Pac Technologies Company to transform the lives of many, especially OFWs. His new platform will make cross-border transactions seamless and quick. PacPay will be first rolled in his native Philippines before expanding it to Singapore and then across Asia.
Apart from making cross-border transactions seamless, part of the proceeds from this payment platform will go towards Pacquiao’s charities. The charities strive to support Filipinos who can do with some help. The legendary boxer has already donated his talent fee to the typhoon victims.
This new venture is a product of Pac Technologies and a Singapore licensed financial technology company, Remsea.
Understanding the Difference between PacPay and Pac Coin
Apart from PacPay, the legendary boxer has also launched Pac Coin, the first celebrity cryptocurrency on the market. PacPay will provide more security and convenience for global fans and influencers. Users will have the chance to buy and sell products and services at merchant outlets around the world. PacPay will also facilitate cash outs through ATMs.
PacPay also has a feature that will allow users to use cryptocurrency. Known as Pac Coin, users will have the chance to swap their cryptocurrencies with other tokens. Pay Coin will also enable users to send and receive airdrops, earn rebates, and stake their crypto. Users can deposit and withdraw various tokens, including Tether, Pac Coins, Bitcoin, and Ethereum. Moreover, it will allow users to earn loyalty points and redeem various rewards including autographed merchandise. Users can also look forward to various celebrity experiences.
PacPay Launching Date
Manny Pacquiao seeks to launch his digital payment platform in 2021. Through a statement, his company Pac Technologies stated that the new platform strives to provide a safe and convenient solution to influencers and fans. Once launched, users will have the chance to make convenient and secure cross-border transactions.
The company has also launched Pac Coin, a cryptocurrency platform. Pac coin will enable users to swap crypto, earn rebates, transact airdrops, and stake their crypto. It will also allow users to enjoy various money-cannot-buy privileges and experiences.
How PacPay works?
The boxer champion seeks to start his new digital payment platform to give back to fans who have been supporting him over the decades. Manny Pacquiao’s digital payment platform will have a unique card program to incentivize his fans with various rewards, including autographed merchandise, complimentary tickets, and discounts.
Global influencers, fans, and brands will also enjoy faster, convenient, and straightforward cross-border prepaid solutions. The goal is to connect users with their favorite brands while giving them the chance to enjoy money-cannot-buy’ experiences and privileges.
According to Manny Pacquiao, part of the proceeds will go towards charity projects in the Philippines. His goal is to support Filipinos who are in need.
Partnership
His partnership with Remsea, allowed Manny Pacquiao to achieve his dreams. Remsea is a licensed and certified fintech remittance firm in Singapore.
What are the Benefits of PacPay to the Filipinos, Especially OFW?
Besides supporting Filipinos in need, PacPay will also provide safer, seamless, and quick cross-border payment solutions to OFWs.
Read: Gcash App
Last modified: November 7, 2023
