Fintech company JustPayto tapped for MSME digital payment system
THE Department of Trade and Industry (DTI) said it signed a partnership deal with financial tech firm JustPayto Philippines Corp. to provide digital payment services to micro, small, and medium enterprises (MSMEs).
The DTI said that the partnership with JustPayto, finalized in December, will onboard all interested DTI-registered businesses into the fintech’s platform.
“We are very excited with this partnership as it will help accelerate the digitalization of MSMEs nationwide,” Trade Undersecretary Blesila A. Lantayona said in a statement.
According to the DTI, registered merchants enrolled with JustPayto will have the ability to accept both online and in-store payments including Visa and Mastercard credit cards and debit cards, bank transfers, and electronic wallets.
It added that the MSMEs will have the ability to monitor their cash flow while building their credit history for taking on future loans.
JustPayto will also conduct entrepreneurship seminars and talks across various regions.
Trade Secretary Alfredo E. Pascual has said the department is seeking to bring about the economy’s digital transformation, adding that MSMEs should be digitally-driven enterprises needing support during their transition.
JustPayto was founded in 2016 and is registered with the Securities and Exchange Commission and licensed and regulated by the Bangko Sentral ng Pilipinas. — Revin Mikhael D. Ochave