PocketPass
closedPocketPasscom, a pre-paid Internet payment system that integrates a phone card with consumer-to-consumer funds transfers.
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.3m | Angel | ||
| Total Funding | 000k | ||
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Pocket Pass Digital operates as a contemporary financial technology entity, focused on reshaping financial management and transactions for the digital era in the Philippines. The company provides a digital wallet solution catering to both individual consumers and businesses, aiming to deliver secure and efficient financial services. Its user base consists of individuals and small businesses seeking to streamline payment processes and manage personal finances within the digital economy.
The firm's core product is a comprehensive digital wallet accessible through a cutting-edge mobile web application, which functions like a native app without needing to be downloaded from an app store. This platform facilitates a variety of financial activities, including peer-to-peer payments, instant fund transfers, bill payments, and mobile top-ups. A key feature is the ability for users to link up to two debit or credit cards for cash-in and cash-out transactions. The service also provides a virtual card that can be integrated with Google or Apple Wallet, enabling contactless payments via QR code or NFC tap-to-pay technology. Security is addressed through measures such as advanced encryption and biometric authentication via Passkeys.
The business operates in the growing e-wallet market in the Philippines, a sector that has seen significant expansion due to increased internet access and a large unbanked and underbanked population. The company presents itself as being run by a team of experienced professionals in fintech, banking, and cybersecurity. The domain pocketpass.com, originally belonging to a U.S.-based internet payment card service founded in 1999 by Dr. Inder Singh, now redirects to the Pocket Pass Digital platform, linking the legacy of an early e-commerce payment innovator with this modern fintech solution.
Keywords: digital wallet, fintech, mobile payments, financial services, peer-to-peer payments, contactless payments, virtual card, e-wallet Philippines, financial technology, online transactions, bill payments, mobile top-up, cash-in, cash-out, Apple Wallet, Google Wallet, QR code payment, NFC payment, mobile web application, financial inclusion