NextPay said that it is looking at rolling out lending, bills payment, corporate cards services.
NEXTPAY — The country’s financial technology (fintech) startup said that it is looking at rolling out lending, bills payment, and corporate card services.
The company has announced plans to introduce more financial tools and services tailored for MSMEs (micro, small, and medium enterprises) this 2022 as it aims to sustain the growth recorded in 2021.
Along with its earlier announced planned entry into the cryptocurrency industry within the year, the company said that it is looking at rolling out lending, bills payment, and corporate card services.
In an e-mailed statement obtained by GMA News Online, NextPay head of growth and co-founder Artie Lopez said that they will continue to make strides in achieving their goal of putting the power of big banks to growing businesses by constantly pursuing innovation.
READ ALSO: NextPay Eyes Cryptocurrency Services Offering
NextPay breached the PHP 1-billion mark in terms of transaction volume and raised some USD 1.9 million in 2021, nearly doubling its USD 1-million investment target for the year.
Based on a report on GMA News Online, NextPay has expanded its digital payment solutions.
Dubbed as “Email Money”, the service seeks to provide more convenience and to add another layer of privacy for smaller companies that use personal bank accounts for their transactions.
The said feature requires recipients in order to confirm their identity through a one-time password, giving them control over the method they would receive the funds. Both receiver and sender will receive notifications.
NextPay chief executive and co-founder Don Pansacola said that they are empowering their customers to streamline their financial needs and to allow them to focus on growing their business.
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