Innovative mobile payment provider MOCASA has received tens of millions of US dollars in fundraising
SINGAPORE, September 16, 2022 /PRNewswire/ — MOCASA has secured tens of millions of US dollars, which will propel this global mobile payment company towards better product development, expand team cohort and cultivate new technologies.
MOCASA was founded in 2021, with headquarters in Singapore. It aims to provide innovative, simple and convenient mobile payment services to the underbanked population in emerging markets. MOCASA made its first march in The Philippines market in the same year of its foundation. Currently, MOCASA has covered all major payment scenarios, including food, online shopping, convenience stores, billing, and gas, allowing users to pay through MOCASA at over 700k merchants and online shopping platforms through The Philippines.
As mentioned, MOCASA greatly expands its online payment scenarios with its virtual credit payment option. Users can opt for MOCASA for payment by credit, recharge or billing on any platform that accepts Visa or MasterCard. This includes major online shopping platforms such as Lazada, major food delivery platforms such as foodpanda, internet and telecom operators, and utilities.
Philippine Payments Management, Inc. (PPMI) and Banko Sentral ng Pilipinas (BSP) aim to improve mobile payment infrastructure in The Philippines and spread safe and cashless payments among the population. As one of the first mobile payment companies to adopt cashless mobile payment in the country, MOCASA now supports more than 700k store traders. Such wide coverage has helped users enough to redeem MOCASA Credit in some of the most renowned markets, stores, food chains, gas stations and many more scenes via a quick QR code scan.
Another key feature of MOCASA is its multifaceted demonstration of information and merchant services in partnership. MOCASA has proven to be a great tool for smartphone users to view merchant information, order food delivery, rate score and comment on merchants. Many benefits also come with MOCASA. MOCASA offers a variety of benefits, including rewards, cashback, and rebates in a number of contexts. MOCASA is also known for extending its mobile and internet payment services to Thailand, Vietnamand other emerging markets around the world.
MOCASA has a highly diverse and experienced team drawn from various leading companies in the industry, including Capital One (NYSE: COF), Susquehanna International Group (SIG), JD.COM (JD), SAMSUNG (KRX: 005930) , and MeiTuan (3690.HK).