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Manny Pacquiao is making a formal entry into the Philippine financial sector<\/a> with \u201cManny Pay,\u201d a new payments application operating with a Bangko Sentral ng Pilipinas (BSP)<\/a> licence.<\/p>\n This venture is a distinct shift from his past involvements in the unregulated Web3 space, which included a \u201cPac Token,\u201d a partnership with the Shiba Inu Ecosystem, and an NFT project linked to the SEC-warned LodiCoin.<\/p>\n This new, regulated app is not just a consumer e-wallet. Powered by 7th Pillar Integration Systems Corp., Manny Pay handles payments from multiple sources, including credit cards, bank transfers, and other e-wallets, while reportedly offering lower fees.<\/p>\n Furthermore, the platform is heavily targeting the corporate market. The platform offers B2B services like \u201cMass Payout\u201d and \u201cOnline Collections,\u201d and relies on a key partnership with Prime Electric Holdings Inc. to streamline the utility\u2019s bill payment system.<\/p>\n The app\u2019s dual focus on B2B and consumer payments aims to find a foothold in the country\u2019s competitive fintech market.<\/p>\n Featured image: Edited by Fintech News Philippines based on images by sohel tanwar<\/a> via Freepik, Manny Pacquiao<\/a> via Instagram and Manny Pay<\/a>.<\/p>\n