Anti-poverty chief Pacquiao cuts corporate ties with fintech firm

Former Senator Manny Pacquiao has stepped down as chairman and divested his entire corporate ownership and financial stake in financial technology platform Manny Pay following his appointment as secretary and lead convenor of the National Anti-Poverty Commission (NAPC).

Company leadership announced the executive transition alongside a major platform overhaul, noting that Pacquiao’s divestment ensures full compliance with public service ethics and government conflict-of-interest regulations.

Pacquiao expressed confidence in expanding his humanitarian initiatives through public office, pledging to focus on housing, education, and sustainable livelihoods for low-income families.

The corporate restructuring coincides with the platform’s technical migration to Manny Pay Version 2, scheduled for full rollout on 17 December.

Managed and operated by 7th Pillar Integrated System Corp., the upgraded system is designed to deliver faster transaction processing, improved reliability, and enhanced data security for individual consumers, micro-entrepreneurs and small and medium enterprises.

To facilitate the upgrade, Manny Pay Version 1 e-wallet services formally concluded on Tuesday. All remaining user balances were automatically transferred and converted into Traxion Pay accounts effective 11 November, allowing users to access their funds through the Traxion Pay mobile application.

Company officials said Manny Pay’s payment gateway services remain fully operational during the transition, ensuring uninterrupted digital payment processing, mass payouts and collections for merchant partners, online vendors and enterprise clients.