Startup taps into market for independent doctors

NextPay, a homegrown financial technology startup backed by the Sy, Gokongwei and Ayala groups, is now providing services to the independent medical practice market as it expands its customer base amid the accelerated adoption of digital technology in the country.

In a statement on Tuesday, the local startup said that its service offering enables doctors and other health-care professionals to accept payments through e-wallets, QR (quick response) codes and direct bank transfers, among others.

NextPay also has digital ledgers where users can monitor their transactions to better manage their finances.

“We see a huge potential in tapping the independent medical professional market, as the budding sector continues to grow along with the accelerated digital transformation of the Philippines,” NextPay CEO and co-founder Don Pansacola said.

“Medical professionals that engage in telemedicine and onsite consultations can leverage NextPay’s platform to run their daily operations effectively, allowing them to focus on serving their patients instead of managing their business finances,” Pansacola added.

Apart from accepting payments, NextPay said its platform could be used by medical professionals to pay their suppliers and employees through its disbursement feature.

“By providing them with the right tools and services, we are able to empower independent medical professionals to integrate digital finance into their daily operations,” NextPay chief experience officer and co-founder Aldrich Tan said.

In August, NextPay told the Inquirer it was eyeing to secure a virtual asset services provider license from the Bangko Sentral ng Pilipinas to make its foray into cryptocurrency.

•—Tyrone Jasper C. Piad