New hybrid digital wallet to launch in Q1MANILA, Philippines — Financial services provider Direct Agent 5 Inc. (DA5) is launching its own hybrid digital wallet in the first quarter of 2023 after obtaining the necessary permits from the Bangko Sentral ng Pilipinas (BSP). Taken together, DA5 secures the title as the only money service business (MSB) to offer remittances, foreign exchange, crypto exchange and e-money facilities. SurgePay aims to be the most innovative Web 3.0 wallet to hit the Philippine market. This means that users could send and receive money and claim their remittances in seconds from any 1,800 outlets of DA5 nationwide. DA5, founded in 2006, is one of the leading authorized direct agents of Western Union in the Philippines.

Source: Philippine Star December 31, 2022 23:01 UTC