Manny Pacquiao to roll out his digital payment platform PacPay in 2021

People's Champ and Philippine Senator Manny Pacquiao is ready to launch his own digital payment platform next year, the PacPay.

Senator Manny Pacquiao (Photo credit: Office of Sen. Manny Pacquiao via: reportr

Cross-border transactions made easier?

PacPay is being positioned as a digital payment platform where Filipinos can seamlessly do transactions internationally most especially the OFWs.

With PacPay, we can help local businesses connect to global influencers and millions of fans around the world, explained the boxing superstar.

Pacquiao also mentioned that there will be "unique rewards program where users will receive explosive perks, autographed merchandise, and even tickets."

This new innovation is made possible by his own start-up tech firm, Pac Technologies in partnership with Remsea, a fintech remittance firm licensed by the Monetary Authority of Singapore.

In 2019, Pacquiao launched his own cryptocurrency called "Pac tokens" that allow fans to buy the People's Champ's merchandise and interact with him via social media. The Pac token has been dubbed as the first celebrity cryptocurrency.

Manny Pacquiao has also mentioned that there is a philanthropic side in this new venture.

The PacPay ecosystem is designed to support Filipinos who are in need. As users transact via PacPay part of our proceeds support charity projects in the Philippines, he said.

Part of the proceeds from PacPay will be used to finance charity projects in the Philippines. This is not a surprise since he has always been active in donating part of his earnings to the needy especially during difficult times.

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Via: reportr