Sto. Tomas Mayor Gloria “Ninang” Ronquillo (middle) with SquidPay CEO Marvin dela Cruz (left) and SquidPay CSFP branch business center owner Felix Asuncion (right) during the MOA signing at SquidPay CSFP branch on Thursday. Photo by Joann Manabat
CLARK FREEPORT — Easing into digital payment and contactless transactions, local financial technology company SquidPay has been gradually integrating its service throughout Pampanga.
On Thursday, SquidPay partnered with the municipality of Sto. Tomas through Mayor Gloria “Ninang” Ronquillo with the signing of memorandum of agreement to engage its business operations through electronic payments, and promote and encourage its constituents as well as businesses to adopt cashless and contactless payment transactions in its municipality.
Ronquillo said that having SquidPay can help their constituents, particularly the senior citizens in receiving financial aid from its municipality. Ronquillo also added the importance of contactless transactions for its convenience especially in this time of pandemic.
SquidPay chief executive officer Marvin dela Cruz said they are focused more on helping the local government units to digitize payments and transactions as it aims to provide a convenient way of electronic payment and collection through a stored value card and mobile application system thus adapting into the new normal amid the pandemic. Dela Cruz also said SquidPay hopes to partner more with different local government units, agencies, private companies and institutions for the mass market.
Dela Cruz also shared the advantages of SquidPay among other fintech companies as it has its own contact tracing feature so businesses can easily trace its clients, customers, and/or users more conveniently. Dela Cruz also added that rebates and discounts will also be one of its features for card holders which will be implemented by mid July.
SquidPay gained its electronic money issuer (EMI) license from the Bangko Sentral ng Pilipinas in December 2020 to function as an electronic wallet offering a wide range of financial services from sending money. It will also provide its users a mobile application for balance inquiries, electronic loading, and review of transaction history.
Equipped with a state of the art end-to-end system for security, SquidPay heightens the payment experience better to improve efficiency. It will also have top up facilities and kiosks for its services including online bills payment, funds transfer, and mobile prepaid load.
SquidPay users may cash in through bank deposits, over-the-counter sales at SquidPay kiosks, internet banking transfers, and payment centers. It s also integrated with Instapay to enable real-time money transfers.
At present, SquidPay is continuously presenting and integrating its services to different LGUs, establishments, private organizations and institutions nationwide. For more information, visit SquidPay via Facebook or www.squidpay.ph