BSP-registered remittance and money service businesses

The Philippines' largest outsourced bills payment network

Bayad, formerly Bayad Center, is the Philippines' pioneer and leader in outsourced payment collection, operated by CIS Bayad Center, Inc., a wholly-owned subsidiary of Meralco. It aggregates 500+ billers accessible through 100,000+ physical and digital touchpoints nationwide. Following its 2021 rebrand from Bayad Center to Bayad, it expanded from over-the-counter bills payment into a full-service fintech, launching the Bayad app and Bayad Online with remittance, e-load, e-wallet (Pera Manager) and real-time Meralco posting. It is BSP-registered as an Operator of Payment System and a Remittance and Transfer Company.

2006 · Pasig City, Metro Manila · Private

Cryptocurrency exchanges for emerging economies

Bloom Solutions (Bloomsolutions, Inc.) is a BSP-registered blockchain fintech that uses cryptocurrency as a settlement rail to cut the cost of cross-border money transfer. Operating as BloomX, it runs a B2B remittance-and-FX platform: BloomRemit lets money-transfer operators settle overseas payouts cheaply, BloomX (bloomx.app) is a peso crypto exchange supporting 250+ coins, and BloomX Teller lets money changers retail crypto over the counter. Founded in 2015, it reports powering over US$250M in trades across Southeast Asia. Part of Singapore-based Bloom Technologies Pte. Ltd., led by CEO Israel Philip Keys.

2015 · Manila · Private

Philippine pawnshop, remittance and microfinancial services

Cebuana Lhuillier is one of the Philippines' largest microfinancial services providers, operated by PJ Lhuillier, Inc. Under the trade name adopted in 1987 (with roots in the Lhuillier family's Agencia Cebuana pawnshops), it offers pawnbroking, domestic and international money remittance (Pera Padala), microinsurance, micro-loans, micro-savings, bills payment, money changing and e-loading. It serves over 30 million clients through a nationwide network of 2,500+ branches and is part of the PJ Lhuillier Group of Companies.

1987 · Makati City, Philippines · Private

Trusted Crypto Wallet & Exchange

Coins.ph is the Philippines' largest BSP-regulated crypto wallet and exchange, with about 18 million registered users. Founded in 2014, it lets Filipinos buy, sell and use digital currencies, pay bills and send remittances. It is a BSP-licensed Virtual Asset Service Provider and Electronic Money Issuer (and the first VASP granted an Advanced EPFS license). In 2024 it launched PHPC, the first BSP-regulated Philippine-peso stablecoin. Acquired by Gojek in 2019, the company was bought out in 2022 by a group led by CEO Wei Zhou (former Binance CFO) with Joffre Capital, and is now privately held.

2014 · Taguig City, Philippines · Private

eMango Wallet is a BSP-licensed Philippine e-money platform operated by SpeedyPay, Inc. The app lets users send money, pay bills, buy eLoad, and make QR payments, with InstaPay transfers and a nationwide network of cash-in/cash-out partners and merchants. eMango also offers merchant tools and a payment-gateway portal for businesses, and is widely used to distribute allowances and financial assistance. SpeedyPay is regulated by the Bangko Sentral ng Pilipinas as an Electronic Money Issuer, with Remittance Transfer Company, foreign-exchange dealer, and money-changer authorities.

2018 · Pasig City, Philippines · Private

Simplifying Money. Simplifying Life.

LuLu Money is the Philippine remittance and e-wallet brand of Lulu Financial Services (Phils.), Inc., the local arm of UAE-based Lulu Financial Holdings. BSP-licensed as an Electronic Money Issuer and a registered remittance and foreign-exchange operator, it lets customers send money to over 170 countries, exchange currency, and use the LuLu Money PH app for wallet transfers, bill payments, mobile recharge and merchant payments. The global group operates around 190 branches across the GCC, India and Asia-Pacific, serving millions of customers.

2007 · Bonifacio Global City, Taguig · Private

Kwarta Padala, Palaging Sigurado

M Lhuillier Financial Services, Inc. is one of the Philippines' largest non-bank financial institutions, operating the ML Kwarta Padala remittance network through more than 3,000 branches nationwide. Founded in Cebu City in the 1980s by Michel J. Lhuillier, the company grew into a nationwide money-services business. Today it offers domestic and international money transfer (including a Western Union partnership), pawning and quick cash loans, foreign exchange, bills payment for 1,000+ billers, micro-insurance, and the MCash/ML Wallet mobile wallet. It is supervised by the Bangko Sentral ng Pilipinas (BSP).

1992 · Cebu City, Philippines · Private

Buy and sell crypto with ease!

Moneybees Forex Corporation is the Philippines' first over-the-counter (OTC) cryptocurrency buy/sell service, BSP-registered as a Virtual Asset Service Provider since 2020. Customers trade Bitcoin, Ethereum and USDT in cash, in person, at BSP-licensed money changers, remittance agents and pawnshops in malls and business centers nationwide (around 26 OTC locations as of 2024) and via an online trading desk. It also offers white-label OTC technology to money-service businesses. Founded in 2017, it is part of founder Jay Villarante's 8Ventures group.

2017 · Metro Manila · Private

Cryptocurrency Trading Platform in the Philippines

PDAX (Philippine Digital Asset Exchange), operated by Fyntegrate Inc., is a BSP-licensed cryptocurrency exchange serving Filipino retail and institutional investors. Founded in 2018, it offers spot crypto trading, a digital wallet, remittance and institutional services, and has expanded into real-world-asset tokenization — launching tokenized Philippine treasury bills and Project Bayani in 2025. It is a BSP-registered Virtual Asset Service Provider, Electronic Money Issuer and Remittance and Transfer Company. PDAX raised a US$50M Series B led by Tiger Global in 2022.

2018 · Taguig City, Philippines · Series B

PERA HUB is the retail financial-services brand of PETNET, Inc., one of the Philippines' largest payments and remittance networks with over 3,000 locations nationwide. It offers domestic and international money remittance, foreign exchange, bills payment, e-loading, airline ticketing, ATM cash-out, microinsurance, and e-wallet cash-in/cash-out, and is the country's biggest Western Union agent. Its corporate arm, PETNET Forex Solutions, provides USD trading and cross-border B2B payments. A BSP-supervised institution founded in 1998, PETNET is part of the UnionBank of the Philippines group.

1998 · Makati City, Philippines · Private

Innovative, fast & secure remittance service for as low as one peso

Pisopay.com, Inc. is a Makati-based Philippine fintech offering remittance and digital payment services for as low as one peso. Founded in 2017, it operates a BSP-registered payments business spanning domestic and international money transfers, an online payment gateway for merchants, bills payment, e-load, a payroll solution (PisoPayRoll), and a VISA prepaid card. Its agent network lets local shops act as "Pisopay Centres," community financial hubs that extend digital payments and remittance to areas underserved by traditional banking. The gateway accepts GCash, Maya, WeChat, cards, and over-the-counter channels.

2017 · Makati City, Metro Manila · Private