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Crunchfish announces strategic partnership with AltPayNet
Yahoo Finance· 2025-09-30 12:18
Core Insights - Crunchfish has formed a strategic partnership with AltPayNet to enhance digital payment resilience in the Philippines, focusing on seamless transactions in areas with limited connectivity [1][2] - The collaboration aims to support the Philippine government's initiative for a cash-lite economy by integrating Crunchfish's offline payment technology, Digital Cash, into AltPayNet's platform [2][5] Group 1: Partnership Objectives - The partnership seeks to ensure uninterrupted digital transactions even during emergencies or in remote areas, thereby promoting financial inclusion [3][4] - AltPayNet's CEO highlighted the unique challenges of the Philippine market, emphasizing the need for resilient payment solutions that function during connectivity disruptions [4] Group 2: Technology and Impact - Crunchfish's offline payment technology allows for secure processing and settlement of transactions at a later time, reducing reliance on constant network connectivity [3][5] - This technology not only facilitates digital transactions in cash-reliant communities but also helps merchants lower cash handling costs [3] Group 3: Company Background - AltPayNet is a global provider of payment platform solutions, focusing on SaaS payments, white-label payment gateways, and cybersecurity services, with a presence in multiple countries including the Philippines and Malaysia [4][5] - Crunchfish specializes in Digital Cash solutions aimed at banks and payment services, enhancing payment systems to ensure transaction continuity even during internet outages [5]