Pacqiuao divests equity for NAPC Cabinet post

Following his appointment as Secretary and Lead Convenor of the National Anti-Poverty Commission (NAPC), former senator Manny Pacquiao has officially stepped down as Chairman and divested his entire corporate ownership and financial stake in Manny Pay.

Sec. Pacquiao expressed confidence in expanding his humanitarian efforts through government resources, pledging to provide housing, education, and sustainable livelihoods to poor families.

The major executive shakeup was formally addressed by Manny Pay’s leadership alongside the announcement of its technical transition to Version 2, emphasizing that the divestment ensures full compliance with public service ethics, government governance standards, and strict conflict-of-interest guidelines.

The corporate restructuring coincides with the fintech platform’s official transition to Manny Pay Version 2, with its full rollout scheduled for 17 December 2026.

Managed and operated by 7th Pillar Integrated System Corp., the upgraded ecosystem features an enhanced technological infrastructure engineered to provide faster processing, upgraded system reliability, and robust data protection for everyday Filipinos, micro-entrepreneurs, and small-to-medium businesses.

To pave the way for the upgrade, services for Manny Pay Version 1 e-wallets officially concluded on Tuesday, 10 November 2026. To guarantee total financial continuity and protect user funds, all remaining account balances from Version 1 were automatically transferred and converted into Traxion Pay accounts effective 11 November 2026.

Despite stepping away from his formal corporate role to fulfill his cabinet duties, the platform's core identity remains heavily inspired by Pacquiao’s legacy. In Manny Pay Version 2, Sec. Manny Pacquiao represents "The Champion of Financial Inclusion," symbolizing resilience, accessibility, and empowerment for everyday Filipinos—from sari-sari store owners to commuting workers—seeking to champion their financial future.

Account holders can access their funds immediately by downloading and logging into the Traxion Pay mobile application.

During this system upgrade phase, Manny Pay Payment Gateway Services remain fully operational and uninterrupted.

Merchant partners, online vendors and enterprise clients can continue processing digital payments, mass payouts and collections without delay.

"Manny Pay was built with the vision of making digital financial services more accessible and empowering for every Filipino. By working to upgrade our technological infrastructure, we ensure that digital transactions remain easier, safer, and cheaper for both everyday users and growing businesses." Marc Hussein Bundalian, President and CEO of Manny Pay said.

Executive leadership reminds all clients to remain vigilant against phishing and scam attempts. Manny Pay and Traxion Pay emphasize that representatives will never request MPINs, One-Time Passwords (OTPs) or account passwords.