E-Wallets or E-Money in the Philippines

Below info on e-wallets or e-money in the Philippines has this table of contents:

  • Definition of E-Money or E-wallet
  • List of E-money or E-wallet issuers that are Non-Banks
  • List of Banks that Issue E-money or E-wallets
  • Non-Bank E-Money or E-Wallet Issuers that are Instapay or Pesonet Participants
  • References

What is E-Money as defined by the BSP?

According to the BSP,
E-Money is monetary value electronically stored in an instrument or device, which is accepted as a means of payment and which is withdrawable in cash or cash equivalent.
Examples of E-Money are cash cards, e-wallets in mobile phones or other devices, stored value cards or other similar products.

Is there a Maximum Limit to What E-Money Accounts can Contain?
Yes. The maximum monthly load is 100,000 pesos. If an e-money owner has more than one e-money accounts or cards with the same bank or issuer, the amounts in all the accounts or cards shall be considered and added, with the aggregate total amount not exceeding 100,000.

Is E-Money or E-Wallet insured by the PDIC?
No. E-money is not considered a deposit, hence it is NOT INSURED by the PDIC.

Does E-Money or E-Wallet earn interest?
No. It does not earn interest. It is not a deposit.

Reference: BSP Circular No. 649, Series of 2009, signed March 9, 2009

Non-Bank Issuers of E-Wallets or E-Money in the Philippines (BSP-Supervised)

  • Alipay Philippines, Inc.
    (formerly helloPay Philippines, Inc.)
    25th Floor Net Lima Building, 5th Ave. corner 26th Street
    E-Square Crescent Park West, Bonifacio Global City, Taguig City
    (632) 8754-1201; 0917-812-5908
  • Banana FinTech Services Corp.
    5th Floor A&V Crystal Tower No. 105 Esteban St.
    Legaspi Village Makati City, Metro Manila
    (632) 8851-7470
  • CIS Bayad Center Inc.
    Business Solutions Center, Meralco Complex
    Ortigas Ave. Pasig City
    02-8672-5700 loc. 5704
  • DCPay Philippines, Inc.
    14th Floor Net Cube Center 3rd Avenue corner 30th street
    E-Square Zone, Bonifacio Global City, Taguig City
    (632) 7218-6855
  • Easypay Global EMI Corp. (EasyPay)
    Unit E-3603 Penthouse, Ecotower Building
    32nd St. cor. 9th Avenue,
    1630 Bonifacio Global City, Taguig
    (632) 88664608
  • Ecashpay Asia, Inc.
    Unit 202 Pacific Century Tower Building
    1472-1476 Quezon Avenue, Brgy. South Triangle
    1103 Quezon City, Metro Manila
    (632) 8404-05-98
  • eMandarin Ventures, Inc.
    Unit 1601, Ayala Tower 1 & Exchange Plaza
    6767 Ayala Avenue corner Paseo De Roxas
    1226 San Lorenzo, Makati City, Metro Manila
  • GPay Network PH, Inc.
    12th Floor Grab Office, Wilcon IT Hub
    2251 Chino Roces Avenue, 1200 Makati City
    (632) 8883-7107
  • G-Xchange, Inc. (GXI) (GCash)
    32nd Floor The Trade and Financial Tower
    7th Ave cor 32nd St Bonifacio Global City
    1634 Taguig
    (632) 7797-2000
  • Infoserve, Inc. (also known as Nationlink)
    Upper Ground Floor, Vernida I Building
    Amorsolo Street, Legaspi Village, Makati City
    (632) 8812-2200; (632) 8892-0200
  • i-Remit, Inc.
    26th Floor, Discovery Centre 25 ADB Avenue
    1605 Ortigas Center, Pasig City
    (632) 8706-2768; (632) 8706-9999
  • Lulu Financial Services (Phils) Inc. (Lulu Money)
    (doing business under the name and style of Lulu Money)
    Unit 1006 One World Place Condominium
    Block 7 Lot 5, 32nd St. Bonifacio Global City
    1634 Taguig City, Metro Manila
    (632) 8511-1834; 8511-1835
  • MarcoPay Inc.
    TDG In.Hub Building, AFPRSBS Industrial Park, Km. 12
    East Service Road corner C-5, Western Bicutan
    1634 Taguig City, Metro Manila
    (632) 8830-8888
  • OmniPay, Inc. (formerly PVB Card Corp.)
    27th Floor Chatham House, 116 Valero
    Salcedo Village, 1227 Makati City
    (632) 8884-1793/8844-7825
  • PayMaya Philippines, Inc.
    9th Floor LaunchPad Building
    Reliance St. Mandaluyong City
    (632) 8511-3551; 8511-3552, 8511 3922
  • Paynamics Technologies, Inc.
    Unit 1108 11th Floor Cityland Condominium 10 Tower II
    156 H. V. Dela Costa Street, Salcedo Village
    1227 Makati City, Metro Manila
    (632) 8330 8776
  • Razer Pay Digital Inc.
    3rd Floor Comworks Corporate Center
    1050 Quezon Avenue Quezon City, Metro Manila
    (632) 8441-2414
  • ShopeePay Philippines, Inc.
    (formerly: AirPay Technologies Philippines, Inc.)
    15th Floor Asia Century Center, 27th St. corner 3rd and 4th Ave.
    Bonifacio Global City, 1634 Taguig City
    (632) 8246-0500
  • SpeedyPay, Inc.
    Unit 2002-2003 Antel Global Corporate Centre
    No. 3 Julia Vargas Ave., Ortigas Central Business District
    Brgy. San Antonio, 1605 Pasig City
  • Squidpay Technology, Inc.
    2402D West Tower, Philippine Stock Exchange Center
    Ortigas Center, Pasig City, 1600
    632 8521 7035
  • Starpay Corp.
    Unit 402 TCI Tower, 61 West Kapitolyo Drive cor. Stella Maris St.
    Brgy. Kapitolyo, Pasig City
    (632) 8637 2976/ (632) 8333 7827l
  • TagCash Ltd. Inc.
    Unit 2108, 21F, 88 Corporate Center, 141 Valero St
    Barangay Bel-Air,1200 Makati City, Metro Manila
    (632) 8804 2486/(632) 7955 7081
  • TayoCash Inc.
    Unit 2603 26 F Antel Global Corporate Center
    Dona Julia Vargas Ave., San Antonio
    1605 Pasig City
    (632) 8373-0223(632) 8373-0195(632) 8373-0204
  • Togetech, Inc.
    Cavalli Business Center 3B, 3rd Floor, Corinthian Plaza
    121 Paseo de Roxas, Bgy. San Lorenzo
    1229 Makati City
    (632) 8804 1614
  • TopJuan Tech Corporation
    Room 411 First Intramuros BF Condominium Corp
    Aduana St., Brgy 655, Intramuros
    1002 Manila City
    (02) 5310-2414
  • Traxion Pay, Inc.
    Unit 1001 The Taipan Place Building, Emerald Avenue
    San Antonio, Pasig City, Metro Manila, Philippines
    632 8254 3643
  • TrueMoney Philippines, Inc.
    16F JMT Corporate Condominium, 27 ADB Avenue
    Ortigas Center, Brgy. San Antonio
    1605 Pasig City
    (632) 7718-9999
  • U-PAY Digital Technologies, Inc.
    7th Floor Eugenio Lopez Jr. Communications Center
    Eugenio Lopez Jr. Drive, Quezon City
    (632) 3415-22-72 loc. 2373
  • USSC Money Services, Inc.
    711 EDSA corner New York St., Cubao
    1109 Quezon City, Metro Manila
    02 929-8000 local 1500
  • WIBS PHP Inc.
    23rd Floor Tower 6789, 6789 Ayala Avenue
    Bel-Air, 1209 Makati City
  • Wirecard e-Money Philippines, Inc. (Okay pa ba ito? Subsidiary ito ng bankrupt Wirecard)
    11th Flr. M1 Tower, 141 H.V. Dela Costa St.
    Bel-Air, 1209 Makati City
    (632) 8249-2999
  • Zybi Tech Inc. (Juancash)
    (doing business under the name and style of Juancash)
    8th floor, IMET BPO Metropolitan Park Bay Area
    Roxas Blvd.1302 Pasay City
    (632) 8891-8080; +639176341212

Banks Issuing E-Wallets or E-Money in the Philippines

  1. Asia United Bank Corporation
  2. AllBank (A Thrift Bank), Inc.
  3. Bank of Commerce
  4. Bank of the Philippine Islands
  5. BDO Unibank, Inc.
  6. Binangonan Rural Bank
  7. Cebuana Lhuillier Rural Bank, Inc.
  8. China Banking Corporation
  9. CTBC Bank (Philippines) Corporation
  10. Development Bank of the Philippines
  11. Dungganon Bank (A Microfinance Rural Bank), Inc.
  12. East West Banking Corporation
  13. Equicom Savings Bank, Inc.
  14. First Consolidated Bank, Inc. (A Private Development Bank)
  15. Land Bank of the Philippines
  16. Maybank Philippines, Incorporated
  17. Metropolitan Bank & Trust Company
  18. Pacific Ace Savings Bank, Inc.
  19. Philippine Bank of Communications
  20. Philippine National Bank
  21. Philippine Savings Bank
  22. Rizal Commercial Banking Corporation
  23. Robinsons Bank Corp
  24. Rural Bank of Guinobatan, Inc.
  25. Security Bank Corporation
  26. Sterling Bank of Asia, Inc. (A Savings Bank)
  27. UCPB Savings Bank
  28. Union Bank of the Philippines
  29. United Coconut Planters Bank

Non-Bank Electronic Money Issuers that Are Instapay or Pesonet Participants

INSTAPAY participants (as of June 2021):
DCPay Philippines Inc.
Grab Pay
G-Xchange Inc. (GCash)
PayMaya Philippines Inc.
StarPay Corp.
OmniPay Inc. (receiver only)
USSC Money Services Inc. (receiver only)

PESONET participants (as of June 2021):
DCPay Philippines Inc.
G-Xchange Inc. (GCash)
Paymaya Philippines Inc.

References for E-wallets or e-money in the Philippines:

Bangko Sentral ng Pilipinas (BSP) Circular No. 649, Series of 2009, signed March 9, 2009

BSP Manual of Regulations for Non-Bank Financial Institutions, 702-Q Issuance and Operations of Electronic Money

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