Bayanipay
“Can a remittance-first neobank become the full financial operating system for the Filipino-American diaspora?”
HQManhattan Beach, CA, USA
IndustryFintech / Cross-border payments
The story
BayaniPay launched as a zero-fee remittance platform targeting Filipino-Americans sending money to the Philippines, operating as a registered agent of BDO Remit USA. The company embedded banking products via East West Bank — including an FDIC-insured digital checking account and Visa Debit Card — to become a neobank-style financial hub for the Filipino diaspora. It expanded beyond consumer remittance into OFW real estate payments and B2B cross-border payments, positioning itself as the financial OS for Filipinos living in the US.
Last 12 months
—
Product timeline
2022
BayaniPay launched as a remittance app for Filipino-Americans to send money to the Philippines via BDO Remit USA.· pivot
2022
Launched FDIC-insured Easy Digital Checking Account and Visa Debit Card in partnership with East West Bank.· banking
2023
Launched real estate payment service allowing OFWs (Overseas Filipino Workers) to pay property amortizations in the Philippines, partnering with BDO, SM, and Ortigas Land.· pivot
2023
Introduced B2B cross-border payment service for vendor and supplier payments to the Philippines.· pivot
Regulated entities
5
regulatory licences held by Bayanipay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Bayanipay’s embedded-finance stack
Money movement
Banking / BaaS
in the full report
Card issuing
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting gap: minor
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.