Fastek Payment Solutions
- Company typePrivate
- Founded2020
- HeadquartersMandaluyong, Philippines
- Headcount11–50
- GTM typeB2B
- OfferingServices
Fastek Payment Solutions firmographics
Firmographics- Name
- Fastek Payment Solutions
- Legal name
- FASTEK PAYMENT SOLUTIONS, INC.
- Website
- https://onepay.com.ph
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Fastek Payment Solutions industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Wholesale-Computers & Peripheral Equipment & Software (5045)
- akta.pro primary industry
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)
- akta.pro secondary industries
- Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Payment Orchestration Platforms (FSAGABAA), Payment Gateways & Orchestration (BPAMAFAA)
Keywords
Where Fastek Payment Solutions is headquartered
LocationHeadquarters
- HQ city
- Mandaluyong
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
Fastek Payment Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Hardware Sales: Sale of payment terminals including Mobile POS (FTM 300, FTM 500, FTM 600, V2 Pro) and Kiosk machines (FTK 200, FTK 300, FTK 400, Sunmi K2). One-time purchase of physical devices.
- Payment Processing Services: Transaction processing fees for facilitating payments across various channels including card, e-wallet, QR code, and OTC cash payments. Access to payment networks and biller connections.
- Software Integration & Customization: Customized software solutions tailored for specific industries or applications. Integration services with existing systems.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Fastek Payment Solutions product offering
Product offeringCore offering
Fastek Payment Solutions sells Android-based Mobile POS terminals (FTM 300, FTM 500, FTM 600, V2 Pro) and self-service Payment Kiosk machines (FTK 200, FTK 300, FTK 400, SUNMI K2) to merchants and enterprises across the Philippines. The company complements this hardware portfolio with payment processing services—including an Online Payment Gateway—enabling acceptance of multiple payment methods (QRPh, credit/debit cards, e-wallets such as GCash and Maya, direct banking via BPI and UnionBank, and OTC cash). It also offers customizable software solutions and integration services tailored to specific industries such as retail, bill payment, transit, and healthcare.
Product overview
Fastek Payment Solutions is a technology enabler providing a comprehensive payment acceptance ecosystem comprising hardware terminals and software solutions. The product portfolio centers on Mobile POS devices (FTM 300, FTM 500, FTM 600, and V2 Pro) and Payment Kiosk Machines (FTK 200, FTK 300, FTK 400, and SUNMI K2), which form the hardware foundation. These terminals integrate with software payment facilitation services including an online payment gateway, e-wallet acceptance (GCash, Maya, QRPh), card processing (Visa, Mastercard), direct debit banking (BPI, UnionBank), and OTC bill payment through partner networks (7-Eleven, USSC). The solutions support multiple payment methods including contactless NFC, QR codes, cash acceptance with change disbursement, and facial recognition payment, with security features including encryption, tokenization, and counterfeit detection. The company operates under BSP regulation as an Operator of Payment System.
Differentiator
Problem solved
Functional benefit
Products and services
- Mobile POS FTM 300 Handheld POS device combining smartphone functionality with payment processing for merchants. Features a 5.5-inch HD screen, integrated 70mm/s thermal printer, dual cameras, and fingerprint identification. Runs Android 7.1+ with APK installation capability for custom services.
- Mobile POS FTM 500 Handheld computer POS device running Android 9.0 with ARM Cortex-A53 Quad Core processor, 3GB RAM + 32GB ROM, 13MP camera with barcode scanning, built-in UHF RFID reader, IP65 dust/water resistance, and 5000mAh battery with 16 hours continuous operation, targeted at merchants needing rugged, all-day mobile payment acceptance.
- Mobile POS FTM 600 Mobile POS device with 5.99-inch HD screen, integrated thermal printer with 40mm paper roll, walkie-talkie functionality via Wi-Fi/4G hybrid connection, dual battery design (removable 5000mAh plus built-in), and 1D/2D barcode scanning with NFC capability for merchants requiring extended field communication and payment acceptance.
- V2 Pro Mobile POS Premium mobile POS device featuring 5.99-inch HD+ screen with 18:9 aspect ratio and 13mm ultra-thin profile, dual-mode thermal printer supporting receipt and label printing with Seiko printhead at 70mm/s, 2D barcode scanning, NFC module for loyalty and reward programs, and PSAM card support for professional payment applications.
- Kiosk Machine FTK 200 Compact self-service kiosk running Android 8.1 on a Rockchip ARM Cortex A-17 RK3288 quad-core processor, with 2D QR code scanner, electronic KYC capability via camera and signature capture, cloud-based record keeping, and customizable receipt printing. Supports bill payment, money transfer, mobile wallet reload, and online payment acceptance.
- Kiosk Machine FTK 300 Cash automation kiosk featuring note recycling technology for reduced refilling, multiple high-level sensors for counterfeit detection, serial number recording with transactions, and real-time cash level monitoring via web portal with automatic alert messages for bill payment and cash disbursement operations.
- Kiosk Machine FTK 400 Full-featured payment kiosk with 21.5-inch touchscreen display, cash note and coin recycling (70 notes per drum, 80-75 coins per tube), multi-sensor counterfeit detection (visible light, infrared, magnetic), 58mm thermal receipt printer, and 200W maximum power consumption for high-volume bill payment and self-service environments.
- SUNMI K2 Kiosk Large-format self-service kiosk with 24-inch FHD capacitive touchscreen supporting 10-point multi-touch, available in wall-mounted and floor-standing configurations, with facial recognition payment, 3D structured light camera for FR payment and membership verification, 80-column thermal printer at 150mm/s, and modular versions tailored for retail, restaurant, and healthcare applications.
- Online Payment Gateway Payment gateway service facilitating online transactions between merchants and customers by securely processing and authorizing payments. Supports QRPh, credit cards, GCash WebPay, Maya WebPay, Link to Maya, BPI Direct banking, and UnionBank Direct banking for merchants needing online payment acceptance.
Companies that use Fastek Payment Solutions
Customer profileSegments4 records
Ideal customer profiles4 records
Fastek Payment Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Fastek Payment Solutions partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- GCashcoreE-wallet integration partner allowing merchants to accept GCash payments via QR code through the Fastek payment platform.
- MayacoreE-wallet integration partner enabling Maya QR payments and Maya WebPay acceptance for merchants using Fastek solutions.
- QR-PHcoreNational QR code standard for Philippine payments integrated into Fastek's payment solutions for interoperable QR payments.
- BPI (Bank of the Philippine Islands)majorBank partner enabling BPI direct banking payments and BPI QuickPay integration for merchants accepting online payments.
- UnionBankmajorBank partner providing UnionBank direct banking payment integration for merchants using Fastek payment solutions.
- VisacoreCard network partner enabling acceptance of Visa credit and debit cards across Fastek payment terminals and kiosks.
- MastercardcoreCard network partner for Mastercard acceptance across Fastek's payment hardware and software solutions.
- Global PaymentsmajorPayment processor partner providing payment processing infrastructure and card acceptance services.
- 7-ElevenminorOver-the-counter partner enabling cash payment acceptance and bill payment services at 7-Eleven stores nationwide.
- USSC (Universal Storefront Services Corp)minorOTC partner providing bill payment and cash collection services through USSC retail network.
- Google Cloud PlatformcoreCloud infrastructure provider ensuring secured payment experience and cloud-based record keeping for Fastek's platform.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Fastek Payment Solutions competitors and assessment
Company assessmentEmerging players
- Ayoconnect: Indonesian payment and open finance API platform enabling multi-method acceptance and disbursements. Comparable to Fastek's payment gateway and orchestration capabilities, although focused on Indonesia rather than the Philippines.
Broad incumbents
- PAX Global Technology: Hong Kong-listed global manufacturer of Android-based POS terminals and payment hardware serving acquirers and merchants worldwide. Comparable to Fastek's MPOS hardware line (FTM series) as a direct hardware competitor with broader international scale and deeper OEM economics.
- Ingenico (Worldline): Global leader in payment terminals and acceptance solutions serving acquirers and merchants worldwide. Comparable to Fastek's terminal hardware and software offering at the enterprise tier, with deeper global R&D and certification resources.
- Verifone: Global POS hardware and payment solutions provider serving retailers, acquirers, and financial institutions. Comparable to Fastek's MPOS portfolio in the in-person acceptance infrastructure category, with much larger scale and brand recognition.
- Sunmi: Global Android smart commercial device manufacturer supplying POS terminals and kiosks (including the K2 model distributed by Fastek). Comparable as both a hardware supplier and competitive threat in the smart POS and kiosk category across Southeast Asia.
Direct peers
- PayMongo: Philippine fintech providing online payment APIs and gateway services for businesses to accept cards, e-wallets, and online banking. Directly comparable to Fastek's payment gateway and acceptance layer, targeting similar PH SMB and enterprise merchants.
- DragonPay: Philippine-based online payment gateway and OTC payment processor serving merchants and billers across the country. Directly comparable to Fastek as a homegrown PH payment facilitator offering multi-channel acceptance (cards, e-wallets, OTC, online banking) with a similar merchant target market.
Regional players
- Xendit: Southeast Asia-focused payment gateway operating across Indonesia, Philippines, and other SEA markets with multi-method acceptance. Comparable to Fastek's payment orchestration layer in the Philippines but with materially greater scale and regional reach, representing a competitive benchmark.
- 2C2P: Regional payment processor serving merchants across Southeast Asia with gateway, alternative payment methods, and acquiring services. Comparable to Fastek's end-to-end POS and gateway offering, with deeper enterprise presence across SEA markets.
- Omise: Southeast Asian payment gateway supporting merchants across multiple SEA countries with card and alternative payment acceptance. Comparable to Fastek's gateway and orchestration services, operating in adjacent regional geographies rather than the Philippines directly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fastek Payment Solutions social profiles
Digital presenceFastek Payment Solutions compliance and trust
Trust signalCompliance5 records
Fastek Payment Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fastek Payment Solutions leadership team
Management profileNumber of profiles
Fastek Payment Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fastek Payment Solutions 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 Fastek Payment Solutions
What does Fastek Payment Solutions do?
Fastek Payment Solutions sells Android-based Mobile POS terminals (FTM 300, FTM 500, FTM 600, V2 Pro) and self-service Payment Kiosk machines (FTK 200, FTK 300, FTK 400, SUNMI K2) to merchants and enterprises across the Philippines. The company complements this hardware portfolio with payment processing services—including an Online Payment Gateway—enabling acceptance of multiple payment methods (QRPh, credit/debit cards, e-wallets such as GCash and Maya, direct banking via BPI and UnionBank, and OTC cash). It also offers customizable software solutions and integration services tailored to specific industries such as retail, bill payment, transit, and healthcare.
Is Fastek Payment Solutions a public or private company?
Fastek Payment Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fastek Payment Solutions founded?
Fastek Payment Solutions was founded in 2020. It employs 11 to 50 people.
Where is Fastek Payment Solutions based?
Fastek Payment Solutions is headquartered in Mandaluyong, Philippines, in the Asia region.
How does Fastek Payment Solutions make money?
Three revenue lines are on record. Hardware Sales are the primary driver. The others are payment Processing Services and software Integration & Customization.
Who are Fastek Payment Solutions's main competitors?
Ayoconnect is listed as an emerging player. Broad incumbents are PAX Global Technology, Ingenico (Worldline), Verifone and Sunmi. Direct peers are PayMongo and DragonPay. Regional players are Xendit, 2C2P and Omise.
Does Fastek Payment Solutions have an API?
No public API is recorded for Fastek Payment Solutions.
What industry is Fastek Payment Solutions in?
Fastek Payment Solutions's product category is Payment Processing Services. Its primary akta.pro industry code is FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure, with a secondary code of HDACAKAB, Mobile POS (mPOS) Devices & Handheld Terminals. Its NAICS code is 522320 and its SIC code is 6199.