PH startup Salarium partners Bahamas payment solutions firm PyxPay

Visual from the PyxPay wesbsite

Seeking to develop a new mobile and web prepaid payout system, Philippine tech startup Salarium Limited has entered into a strategic alliance with Pyx Payments Corp Ltd (PyxPay), a Bahamas-based payments solutions provider.

Both companies are planning to launch a new web and prepaid platform called “Salplay” in the second quarter of this year. The platform will be available in the mobile application marketplace. It is an integration of Salarium’s payroll system also called Salarium and PyxPay’s core mobile, web and prepaid platform.

Salpay will also serve as an enhancement to existing Salarium clients. Salarium provides cloud-based Software as a Service (SaaS) enterprise solution to small and large businesses.

Although headquartered in Hong Kong, Salarium’s base of operations is in the Philippines that predominantly services business process outsourcing (BPO) industries. In fact, it also has a regional headquarters in the country.

Salarium CEO Judah Hirsch said that PyxPay’s core platform will open opportunities for the inclusion of other value added services that they currently have like direct bills payment, mobile top-up and fund transfers.

“Salpay’s core system’s framework is capable of monetising payroll data in the future through its readily available linkage with banks, financial institutions, private entities, and other third party service suppliers,” Hirsch said. “With compliance to regulatory, security and financial standards, Salpay can be offered to businesses as a full-fledged payout system.”

For PyxPay’s part, it is banking on its established mobile and prepaid payout services for businesses dealing with offshore workers.

“Financial transactions from an employee’s actual payroll run can be made directly via the mobile wallet that is linked to a payroll prepaid card. This revolutionises payout, as the employee can perform numerous secure cashless transactions through mobile phone,” said PyxPay CEO Maner Puyawan.

Only last February 5, Salarium bagged the $500,000 grand prize of the Seedstars World (SSW) global competition for start-ups in Geneva, Switzerland. The prize serves as an equity investment for its projects in the Philippines. Salarium bested nine other finalists from countries such as Thailand, Peru and Argentina.

Related story:

PH startup Salarium wins $500k Seedstars prize

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.