Higala is an Open Payments Platform that connects new market players to the financial services sector, enabling them to offer competitive payment solutions through partnerships with local banks. The platform facilitates instant payments across various banks and wallets, addressing the need for financial inclusion and efficient transaction processing in the digital economy.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TVFounders
Product
Problem
Many new market entrants in the Philippines struggle to offer competitive payment solutions due to the complexities of connecting to the existing financial infrastructure. This limits innovation and hinders financial inclusion for consumers and businesses.
Solution
Higala provides an Open Payments Platform that connects new market players to the financial services sector, enabling them to offer competitive payment solutions through partnerships with local banks and financial institutions. The platform facilitates instant payments across various banks and wallets, addressing the need for efficient transaction processing in the digital economy. By lowering the on-ramp barrier and switching costs, Higala broadens participation for financial institutions and enables new market players to offer innovative payment services that address the changing needs of customers. The platform supports inclusive instant payment systems through its partnership with the Mojaloop Foundation.
Target Audience
Higala targets new market players seeking to offer innovative payment solutions, as well as financial institutions looking to expand their reach and improve their payment infrastructure.
Features
- Open API platform for seamless integration with various banks and wallets
- Instant payment processing across different financial institutions
- Low-code tools for rapid deployment of payment solutions
- Support for inclusive instant payment systems through Mojaloop integration
- Compliant with local regulations and industry standards