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Pouch.ph, One Coop Tech Launches CoopPay: Serve Millions of Cooperative Members in the Philippines and ASEAN

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(source: Pouch.ph | CoopPay)

Pouch.ph, in partnership with One Cooperative Technology Service (OCTS), the first and only CDA-registered technology service cooperative in the Philippines, has recently launched CoopPay. 

This mobile wallet app offers cooperatives, their members, and families a secure, fast, and inexpensive way to send and receive payments in pesos and bitcoin via the Lightning Network.

In celebration of National Cooperative Month last October, CoopPay successfully introduced its service to 100,000 First Community Cooperative members (FICCO) members. FICCO is the largest community cooperative in the Philippines, with its headquarters located in Cagayan de Oro City in Mindanao and branches in Metro Manila, Visayas, and Luzon. Pouch.ph and One Coop Tech will extend the service to other cooperative groups nationwide.

CoopPay enables users to conveniently deposit and withdraw Philippine pesos, make CoopPay to CoopPay transfers, conduct bank/fund transfers, and utilize cash pick-up services.

CoopPay stands out from other payment service apps, offering affordable bill payments. Unlike Pouch.ph and other cooperative organizations that charge service fees and markups, CoopPay does not add any extra charges. Bank transfers through CoopPay incur a minimal fee of PHP15, which aligns with industry standards. Moreover, CoopPay has no set transfer limits and provides real human support to its users.

The mobile wallet app features a shop tab where users can buy load for all networks, pay for transportation services (Beep, Autosweep, and Easytrip), and settle bills for a variety of billers such as Meralco, Maynilad, Converge, and SkyCable.

“Our priority is to bring financial access, service, and opportunity to all Filipinos, particularly with a strong focus on customer care and global connectivity. Our collaboration with OCTS to launch CoopPay will enable us to bring better financial services to millions of Filipinos,” said Pouch.ph founder and CEO Ethan Rose.

Pouch.ph and OCTS are jointly working on a strategic roadmap to make CoopPay one of the first wallets in the Philippines and ASEAN to integrate QR Ph, the national QR code standard, and the Lightning Network seamlessly. This integration will enable users to switch between peso and bitcoin payments through QR Ph with ease, making CoopPay an advanced and user-friendly payment option.

CoopPay app is available for download on Google Play and Apple Store.

Written by
Tech Beat Philippines

Tech Beat Philippines is the social media news platform for all things technology. It is also a part of the GEARS section on Daddy's Day Out.

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