SMART Money

SMART Money is an e-wallet on a mobile phone, which originated in the Philippines in the 2000s initially offering SIM-based remittance and micro payments via a network of agents. Customers deposit cash at a store, which sends the amount via mobile phone to another store where the recipient can claim the money, also in the form of cash. A smartphone app also now exists allowing customers to send money, pay bills, shop online and buy prepaid airtime.

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Type Wallet
Company behind LPM Smart Communications, Inc.
Market share details SMART Money is a brand within the PayMaya Philippines group, which also owns Smart Padala, the largest domestic remittance brand in the Philippines with the largest agents network of around 27,000 merchants.
Market relevance High
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