Source: https://fintech.ph/listing/da5

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# DA5

Where Remittance meets Digital Revolution

[Remittances](https://fintech.ph/category/remittances) [Digital Wallet](https://fintech.ph/category/digital-wallet) [Cryptocurrency](https://fintech.ph/category/cryptocurrency) [Payments](https://fintech.ph/category/payments)

[Visit website](https://da5.com.ph/)

- **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

Consumers Remittance senders and receivers

## Funding and ownership

Stage

Private

## People

- Raymond Babst President & CEO
- Charles Inducil Head of Blockchain (founder, SurgePay)

## Licences and certifications

- [BSP-licensed Electronic Money Issuer (EMI)](https://fintech.ph/licence/e-money-issuers) [Check: BSP grants e-money, cryptocurrency, e-payment licenses to Direct Agent 5](https://www.bworldonline.com/banking-finance/2022/12/30/495923/bsp-grants-e-money-cryptocurrency-e-payment-licenses-to-direct-agent-5/)
- [BSP-registered Virtual Asset Service Provider (VASP)](https://fintech.ph/licence/virtual-asset-service-providers) [Check: DA5 is the New BSP-Licensed VASP, Plans to Launch SurgePay](https://bitpinas.com/business/da5-vasp-crypto-exchange-license-surgepay/)
- BSP Type A Advanced Electronic Payment and Financial Services (EPFS) [Check: BSP grants e-money, cryptocurrency, e-payment licenses to Direct Agent 5](https://www.bworldonline.com/banking-finance/2022/12/30/495923/bsp-grants-e-money-cryptocurrency-e-payment-licenses-to-direct-agent-5/)
- Remittance Agent Certification
- Money Changer / Foreign Exchange Dealer Certification

Something out of date? [Suggest a correction](https://fintech.ph/contact)

## Contact and links

[da5.com.ph](https://da5.com.ph/)

- [x](https://twitter.com/da5official)
- [facebook](https://www.facebook.com/p/Direct-Agent-5-Inc-100063788812169/)
- [linkedin](https://www.linkedin.com/company/direct-agent-5-inc/)

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[More in Remittances](https://fintech.ph/category/remittances)

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From fintech.ph, an independent directory of fintech companies in the Philippines, as of October 27, 2026. Please link to https://fintech.ph/listing/da5 when citing this page.