Founded
    2006
    Headquarters
    Makati City, Metro Manila
    Stage
    Private
    Licences
    3
    BSP

    Overview

    Direct Agent 5, Inc. (DA5) is a Makati-based Philippine fintech and money service business founded in 2006, originally as one of Western Union's largest authorized agents with a nationwide footprint of over 1,800 partner locations. DA5 offers remittance, foreign exchange, bills payment, merchant acquiring and crypto exchange (DX5), and runs SurgePay, its BSP-licensed hybrid digital wallet for blockchain-based international transfers, crypto cash-in/out, bills payment and microloans. It is one of the few entities holding BSP EMI, VASP and EPFS licences simultaneously.

    Products

    • SurgePay digital wallet
    • DX5 crypto exchange
    • Western Union & RIA remittance
    • Foreign exchange
    • Merchant acquiring
    • Bills payment
    • PHMU peso-backed stablecoin

    Serves

    ConsumersRemittance senders and receivers

    Funding and ownership

    Stage

    Private

    People

    • Raymond BabstPresident & CEO
    • Charles InducilHead of Blockchain (founder, SurgePay)

    Licences and certifications

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