VeritasPay Philippines
VeritasPay Philippines is a BSP-regulated payment service provider offering POS terminals, QR, online checkout, payment links, and OTC cash solutions for Philippine SMEs, enterprises, and financial institutions, distributed via Security Bank, JIMAC, Dragonpay, and direct sales.
- Company typePrivate
- Founded2016
- HeadquartersPasig, Philippines
- Headcount11–50
- GTM typeB2B
- OfferingServices
What VeritasPay Philippines does
VeritasPay Philippines Inc. is a BSP-regulated payment service provider founded in July 2016 as a member of The Primeline Group and headquartered in Pasig City. The company operates a unified payment platform that serves Philippine SMEs, large enterprises, and financial institutions through three pillars: in-store solutions (OnePOS terminals, Mobile QR app, ExpressPOS unattended terminals), online solutions (Checkout for Shopify/WooCommerce, EasyLink payment links, Over-the-Counter cash payments via partner banks and pawnshops), and the VeritasPay Hub dashboard for transaction monitoring, settlement, and reporting. The platform integrates ten card networks (Visa, Mastercard, American Express, JCB, UnionPay, BancNet) and digital wallets (GCash, WeChat Pay, Alipay, QRPh), and is PCI-DSS, GDPR-aligned, and Data Privacy Act of 2012 compliant.
The business model is primarily transaction-fee based (MDR): 3.00% on card payments, 2.25% on GCash, and 1.50% on QRPh/WeChat Pay/Alipay and online banking, plus a ₱15-25 minimum on online and OTC channels. Ancillary revenue comes from outright terminal sales (NEXGO N3, PAX A930, PAX IM30) and 24-month leasing arrangements. VeritasPay distributes through direct field sales plus a multi-layered channel network including Security Bank, JIMAC Inc. (5,000+ businesses), Dragonpay (90+ channel partners, 35,000 branches), TrueMoney, and PhilSME. No external funding rounds or institutional investors are disclosed.
Quantitative scale signals: ₱2.67B processed in 2025 (+59.9% YoY), F2F merchant base +116.5% and OPS merchant base +202.7% over 2023-2025, 4,000+ merchants reached through Dragonpay alone, and over 40 client logos displayed on the website. The company maintains 11-50 employees and is led by President and CEO Christopher James Payne, with General Manager and Business Development Head Carl Henrison Tienzo and Business Operations Head Khristine Anne Cruz.
VeritasPay Philippines firmographics
Firmographics- Name
- VeritasPay Philippines
- Legal name
- VeritasPay Philippines Inc.
- Website
- https://veritaspay.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VeritasPay Philippines is a BSP-regulated payment service provider offering POS terminals, QR, online checkout, payment links, and OTC cash solutions for Philippine SMEs, enterprises, and financial institutions, distributed via Security Bank, JIMAC, Dragonpay, and direct sales.
- Ownership category
- akta.pro rank
VeritasPay Philippines industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant Services Aggregators & SMB Acquirers (FSAMABAK)
- akta.pro secondary industries
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)
Keywords
Where VeritasPay Philippines is headquartered
LocationHeadquarters
- HQ city
- Pasig
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
VeritasPay Philippines business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations, Supply Chain
Revenue model
- Transaction Fees (Merchant Discount Rate): Percentage-based fees charged to merchants for every card and QR code transaction processed. Rates vary by payment method: 3.00% for card payments, 2.25% for GCash (including GCredits and GGives), 1.50% for QRPh, WeChat Pay, and Alipay. Additional ₱15.00 per transaction for Checkout solution.
- Payment Terminal Sales: One-time purchase of POS terminals (NEXGO N3, PAX A930, PAX IM30) with outright payment. Terminals can also be purchased after 12-month installment or full one-time payment.
- Payment Terminal Leasing: 24-month leasing arrangements for payment terminals with initial payment equivalent to 2 months advance leasing amount plus delivery fee. Early termination within first year incurs fee equivalent to remaining monthly lease.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | OnePOS - Card Payments |
| Transaction based/ take rate | Pay-as-you-go | OnePOS - GCash E-Wallet |
| Transaction based/ take rate | Pay-as-you-go | OnePOS - QR Code Payments |
| Transaction based/ take rate | Pay-as-you-go | Mobile QR Payments |
| Transaction based/ take rate | Pay-as-you-go | Checkout Online Payments |
| Transaction based/ take rate | Pay-as-you-go | EasyLink Online Payment Links |
| Transaction based/ take rate | Pay-as-you-go | Over-the-Counter Banking |
| Transaction based/ take rate | Pay-as-you-go | Over-the-Counter Non-Banking |
| Transaction based/ take rate | Pay-as-you-go | ExpressPOS Unattended Payments |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
VeritasPay Philippines product offering
Product offeringCore offering
VeritasPay Philippines is a payment service provider that enables Philippine businesses to accept digital payments through in-person POS terminals, online checkout pages, mobile QR apps, payment links, unattended self-service kiosks, and over-the-counter cash channels. Its portfolio spans OnePOS (multifaceted card and QR POS device), Mobile (QR code generation app), Checkout (integrated ecommerce checkout), EasyLink (no-website payment link generator), ExpressPOS (unattended terminal for vending/kiosks), and Over-the-Counter (cash payment via partner banks and non-bank centers), all managed through the proprietary VeritasPay Hub dashboard.
Product overview
VeritasPay Philippines is a payment service provider offering a unified portfolio of face-to-face (F2F) and online payment solutions (OPS) designed for SMEs, large enterprises, and financial institutions. The product architecture centers on VeritasPay Hub as the core management platform, which is inclusive with all payment solutions. The F2F suite includes OnePOS (multifaceted POS device for card and QR payments), Mobile (QR code generation app for mobile devices), and ExpressPOS (unattended self-service terminal for kiosks). The online payment suite includes Checkout (integrated ecommerce checkout page), EasyLink (payment link generator for businesses without websites), and Over-the-Counter (OTC cash payment through partner banks and non-bank channels). All solutions accept a wide range of payment networks and digital wallets, with flexible integration options and no set-up fees.
Differentiator
Problem solved
Functional benefit
Brands
- OnePOS: Face-to-face POS terminal solution accepting credit/debit cards and e-wallets including Visa, Mastercard, American Express, JCB, UnionPay, BancNet, GCash, WeChat Pay, Alipay, and QRPH.
- Mobile
- Checkout
- EasyLink
- ExpressPOS
- Over-the-Counter (OTC)
- VeritasPay Hub
Products and services
- OnePOS Multifaceted POS device that accepts credit/debit card and e-wallet payments under a single terminal. Supports Visa, Mastercard, American Express, JCB, UnionPay, BancNet, QRPh, GCash (including GCredits and GGives), WeChat Pay, and Alipay via NEXGO N3 or PAX A930 terminals. Designed for SMEs and enterprises needing a single device to accept all major card and QR payment methods.
- Mobile Mobile app that turns a smartphone into a mobile wallet terminal by generating scannable QR codes for customers to complete payments. Accepts GCash, WeChat Pay, Alipay, and QRPh. Ideal for delivery services, mobile merchants, and businesses without a physical store.
- Checkout Integrated checkout page for existing websites that accepts credit/debit cards, GCash, QRPh, Billease, and online banking from 13+ Philippine banks. Integrates with Shopify and WooCommerce ecommerce platforms. Designed for online stores needing secure, multi-method checkout with online banking and OTC options.
- EasyLink Online link generator that creates standalone payment pages accessible via SMS, email, Messenger, Viber, Telegram, or WhatsApp without requiring the merchant to have a website. Accepts credit/debit cards, e-wallets, online banking, and OTC cash payments. Designed for SMEs and individuals needing to send digital payment requests without an ecommerce site.
- ExpressPOS Self-service payment terminal solution integrated into vending machines or unattended kiosks. Powered by the PAX IM30 unattended terminal, it accepts cards, e-wallets, and QR payments (Visa, Mastercard, American Express, GCash, WeChat Pay, Alipay, QRPh) without staff assistance. Designed for vending operators and self-service retail environments.
- Over-the-Counter (OTC) Over-the-counter payment option through partner banks (Asia United Bank, BPI, BDO, Metrobank) and non-bank channels (Super Service Center, SM Bills Pay, M Lhuillier, Villarica, Robinsons Department Store, CVM Pawnshop, Tambunting, Palawan Pawnshop, Cebuana Lhuillier). Enables customers to pay in cash at partner bank branches or authorized payment centers, integrated into EasyLink and Checkout.
Quantifiable outcome
- Transaction volume growth: ₱1.18B (2023) → ₱1.67B (2024, +41.4%) → ₱2.67B (2025, +59.9%)
- +2 more outcomes
Companies that use VeritasPay Philippines
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
VeritasPay Philippines technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature7 records
VeritasPay Philippines partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered strategic and core.
- Narratech SolutionsstrategicVeritasPay formalized partnership with Narratech Solutions, a software development company known for building payment and transaction systems. The collaboration aims to expand VeritasPay's network and resources while reinforcing Narratech's back-end development and external capabilities, particularly in POS systems. Narratech gains better integration with VeritasPay's infrastructure.
- Security Bank CorpcoreSecurity Bank partnered with VeritasPay to offer POS terminals to its MSME customers through a referral scheme. BusinessPlus account holders are eligible for 5% discount on outright purchases and 10% discount on monthly leasing options. The partnership aims to help merchants streamline collections, improve cash flow visibility, and integrate modern payment tools as consumer behaviour shifts toward digital payments.
- Philippine SME Business Expo (PhilSME)strategicPhilSME partnered with VeritasPay to integrate EasyLink and Checkout payment solutions into their platform for faster, safer, and more convenient transactions for entrepreneurs and event participants. VeritasPay actively participates in PhilSME's business expos and events to connect with the SME community, showcase payment solutions, and engage with business owners. The 18th PhilSME expo was held May 22-23, 2026.
- JIMAC Inc.coreJIMAC Inc., a software development and POS systems company, integrated VeritasPay's advanced payment software into its computerized POS offerings. This provides seamless digital payment capabilities for JIMAC's network of merchants across the country. The collaboration allows VeritasPay to expand its reach to more than 5,000 businesses nationwide through JIMAC's established presence. JIMAC affiliates include Syluxent Inc., Aquarius POS Solutions Inc., and Dream POS Solutions Inc.
- Dragonpay CorporationcoreDragonpay's payment channels including online banking, OTC banking and ATM, and non-bank options are integrated into VeritasPay's growing payment gateway ecosystem. VPI merchants gain access to more convenient and diverse payment acceptance options. Dragonpay processes an average of 15 million transactions monthly with 90+ payment channel partners and 35,000 branches nationwide.
- TrueMoney PhilippinesstrategicTrueMoney and VeritasPay entered a strategic partnership to strengthen the digital payments ecosystem in the Philippines. TrueMoney refers clients and merchants to VeritasPay, expanding access to secure, efficient, and reliable digital payment solutions nationwide. The collaboration leverages TrueMoney's extensive network and VeritasPay's payment expertise.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
VeritasPay Philippines competitors and assessment
Company assessmentDirect peers
- Dragonpay Corporation: Philippine payment aggregator and processor covering online banking, OTC, ATM, and e-wallet channels. Directly comparable as a multi-rail PSP serving Philippine SMEs; VeritasPay actually integrates Dragonpay as a channel partner.
- PayMongo: Philippine-focused online payment gateway offering checkout, payment links, and API-based card/e-wallet acceptance for SMEs and ecommerce. Directly competes with VeritasPay Checkout and EasyLink on digital acceptance.
Broad incumbents
- Maya (formerly PayMaya): Major Philippine digital wallet and acquiring platform owned by Voyager/PLDT. Competes across both consumer wallet and merchant acquiring — overlapping with VeritasPay's QR, card, and online payment offerings, but at much larger scale.
- GCash (Mynt / Globe Fintech Innovations): Dominant Philippine e-wallet with embedded merchant acquiring and QR acceptance. While GCash primarily issues wallets that VeritasPay accepts, its merchant-onboarding arm competes directly for the same SME accounts.
- Block (Square): Global POS and merchant acquiring platform; comparable in serving micro/SME merchants with integrated hardware and software. Not directly competing in the Philippines today but represents the global benchmark for SME payment platforms.
- Stripe: Global online payment gateway serving internet businesses; broadly comparable on online acceptance, APIs, and developer tooling, though Stripe lacks VeritasPay's depth in Philippine OTC and QR rails.
Regional players
- Xendit: Southeast Asia payment gateway serving Indonesia and the Philippines with API-first card, e-wallet, virtual account, and QR acceptance. Closely comparable in product surface and target segment; not yet operating in VeritasPay's home market with full depth.
- 2C2P: Southeast Asia payment service provider offering card acquiring, alternative payments, and POS solutions across Thailand, Singapore, Malaysia, and the Philippines. Comparable multi-rail PSP business, though larger and more geographically diversified than VeritasPay.
- iPay88: SEA payment gateway with strong Philippines presence, offering card, e-wallet, and online banking acceptance. Directly comparable multi-rail PSP targeting Filipino merchants and ecommerce.
Emerging players
- TrueMoney Philippines: Philippine e-wallet and payment services arm of Ascend Money/Charoen Pokphand. Both a channel referral partner of VeritasPay and a partial competitor in digital payments and remittance acceptance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VeritasPay Philippines social profiles
Digital presenceVeritasPay Philippines compliance and trust
Trust signalCompliance3 records
VeritasPay Philippines financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeritasPay Philippines leadership team
Management profileNumber of profiles
Profiles4 records
VeritasPay Philippines funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeritasPay Philippines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeritasPay Philippines
What does VeritasPay Philippines do?
VeritasPay Philippines is a payment service provider that enables Philippine businesses to accept digital payments through in-person POS terminals, online checkout pages, mobile QR apps, payment links, unattended self-service kiosks, and over-the-counter cash channels. Its portfolio spans OnePOS (multifaceted card and QR POS device), Mobile (QR code generation app), Checkout (integrated ecommerce checkout), EasyLink (no-website payment link generator), ExpressPOS (unattended terminal for vending/kiosks), and Over-the-Counter (cash payment via partner banks and non-bank centers), all managed through the proprietary VeritasPay Hub dashboard.
Is VeritasPay Philippines a public or private company?
VeritasPay Philippines is a private company. It is classified as corporate owned and is currently operating.
When was VeritasPay Philippines founded?
VeritasPay Philippines was founded in 2016. It employs 11 to 50 people.
Where is VeritasPay Philippines based?
VeritasPay Philippines is headquartered in Pasig, Philippines, in the Asia region.
How does VeritasPay Philippines make money?
Three revenue lines are on record. Transaction Fees (Merchant Discount Rate) is the primary driver. The others are payment Terminal Sales and payment Terminal Leasing.
Who are VeritasPay Philippines's main competitors?
Direct peers on record are Dragonpay Corporation and PayMongo. Broad incumbents are Maya (formerly PayMaya), GCash (Mynt / Globe Fintech Innovations), Block (Square) and Stripe. Regional players are Xendit, 2C2P and iPay88. TrueMoney Philippines is listed as an emerging player.
Does VeritasPay Philippines have an API?
Yes. VeritasPay provides API documentation for integration purposes. The company provides test API documentation to connect to their test system. After successfully testing the system, merchants receive production credentials to start processing live transactions. The API is used for payment facilitation services including API integration for fraud protection tools and settlement processes via PESONet system. Developer documentation is at Not specified.
What industry is VeritasPay Philippines in?
VeritasPay Philippines's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMABAK, Merchant Services Aggregators & SMB Acquirers, with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout). Its NAICS code is 52232 and its SIC code is 6199.