VMoney Inc
 | |
| Private | |
| Founded | 2013 |
| Headquarters | Manila, Philippines |
Key people |
Ralph Santos, Founder & CEO |
| Slogan | Live Freely |
| Website |
www |
VMoney is a financial technology business headquartered in Manila, Philippines. The company's proprietary online platform enables members to deposit money into digital wallets where it can be sent to other VMoney members in real-time, transferred to bank accounts, or used for bills pay and prepaid reloading.[1] The company also offers members prepaid MasterCards that can be used for both online and point-of-sale transactions.[2]
The FinTech company also develops, operates, and markets cashless payment solutions for businesses ranging from white-labeled debit cards, online payments, point-of-sale solutions, e-commerce platforms, funds disbursement, tap payments, and loyalty and rewards. It is certified and accredited by the Bangko Sentral ng Pilipinas (BSP) and is PCI compliant.[2][3] VMoney also has incorporations in the US and Canada.
Management
- Management Team
- Chief Executive Officer and Founder - Ralph Santos
- Chief Strategy Officer - Zos Santos
- Chief Technology Officer - Rino Ong
- Chief Marketing Officer - Nico Bolzico
- Chief of Business Development - Chris Aldaba
- Chief Brand Officer - Solenn Heussaff
Services
Electronic money transfers
VMoney's main service is based on its online platform that allows users to perform global money transfers in real-time whether one-to-one or one-to-many. Users create a VMoney account, which they can use to store and send funds digitally to each other as well as perform wallet services including bills pay, prepaid reloading, card loading, bank transfers, and ATM withdrawals.[1] This feature can be used for remittance or payroll disbursement.[4]
Reloadable prepaid MasterCards
VMoney offers prepaid MasterCards that can be loaded digitally and used anywhere in the world where MasterCard is accepted.[2]
Contactless payments
VMoney offers contactless payment solutions powered by Near Field Communication (NFC) technology. The company has a line of NFC-enabled accessories – sticker, bracelet, keychain, and ring[5] – that grant owner direct access to their VMoney account and enable cashless payments by tapping the device onto a reader. VMoney offers two types of tap payment solutions. TAP+PAY facilitates transactions online and can be used for large amount with its PIN verification requirement, while TAP+PASS processes transactions offline by debiting stored credit on the NFC accessory.[2][6]
Online payments
VMoney enables merchants or retailers to accept payments online by making VMoney a payment option for their customers. Using VMoney as an online payment option allows merchants to receive customer payments instantly.[2]
Loyalty platform and POS solutions
The VMoney platform can be used to implement a loyalty and rewards program and can integrate with existing merchant systems. The company also offers point-of-sale (POS) services including shopping cart and inventory management.[3][2]
| TYPE | PRIVATE |
| HEADQUARTERS | MANILA, PHILIPPINES |
| FOUNDED | 2012 |
| LAUNCHED TO PUBLIC | OCTOBER 2013 |
| WEBSITE | WWW.VMONEY.COM |
| TYPE OF SITE | PAYMENT PORTAL |
| REGISTRATION | REQUIRED |
| CURRENT STATUS | ACTIVE |
References
- 1 2 "[Executive Edge] Empowering the unbanked". Rappler. Retrieved 2016-01-28.
- 1 2 3 4 5 6 "VMoney redefines the world's payment landscape". philstar.com. Retrieved 2016-01-29.
- 1 2 "Remittance service provider VMoney offers payment portal, cashless solutions". InterAksyon.com. Retrieved 2016-01-29.
- ↑ "Philippines Pushing for a Cashless Society, but It's a Long Way off". www.techinasia.com. Retrieved 2016-01-29.
- ↑ "VMoney CEO: Apple Pay Is a Cause for Celebration, Not Fear, for Philippine Payment Startups". www.techinasia.com. Retrieved 2016-01-29.
- ↑ "How VMoney Can Help Solve Congestion in the Philippine Public Transport System". www.techinasia.com. Retrieved 2016-01-29.