Singapore’s Hitpay Granted Payment License in the Philippinesby Fintech News Philippines February 7, 2023
HitPay, a Singapore-based payment platform for SMEs, has received a license from the Bangko Sentral ng Pilipinas (BSP) to be a registered Operator of Payment System (OPS).
With HitPay, SMEs can integrate a full suite of payment options all on a single platform, set up no-code business tools to accept payments, and access the widest range of online integrations in the Philippines.
HitPay’s payment gateway in the Philippines includes plug-and-play payment methods including InstaPay QR PH, PESONet, GrabPay, Billease, over-the-counter payments, cards, e-wallets, and online bank transfers.
The company has also submitted a major payment institution license application to the Monetary Authority of Singapore (MAS) and is working closely with key institutional partners across the globe.
“We’re thrilled to launch HitPay in the Philippines and aid businesses in managing their payments with ease.
Securing our OPS license marks a milestone in our goal of building strategic collaborations with local payment partners, and empowering Filipino businesses with an accessible, all-in-one payment solution,”
said Aditya Haripurkar, Co-founder and CEO, HitPay.