Fintech sector booming as another PH firm joins fray

The Philippine fintech industry is currently growing at an unprecedented pace with another local player, Zybi Tech, launching on Monday, July 22, its own digital products.

Zybi Tech CEO Raymond Ong during the launch event

At its formal launch event at Century Park Hotel in Manila, Zybi Tech said it wants to contribute in local efforts to widen the financial inclusion by leveraging on innovations brought by the financial technology.

This is the reason why it has unveiled an Electronic Money Issuer (EMI) app called “JuanCash” and a Virtual Currency Exchange (VCE) trading platform dubbed “JuanExchange”.

JuanCash offers a variety of services such as mobile prepaid loading, bills and utilities payment, and fund transfer — all in just one app. It also has a “Scan-To-Pay” system where a unique QR code can be used by an end-user to send and receive money.

The app can also be a source of additional income by accepting “pass-thru” bills payment from and by selling prepaid load to friends and colleagues.

JuanCash also features a virtual currency exchange platform within the app – JuanExchange — which allows consumers to trade cryptocurrencies conveniently, using their app wallet.

The crypto-currency platform was developed with multiple layers of protection. Every cryptocurrency listed on the platform is not only available to the international market, but is also available to future network of international partner exchanges.

The platform’s trading engine is designed to be scalable to ensure orders are fulfilled in a timely manner. It also features an international order book to offer best pricing and highest liquidity.

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