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Fintech firm Ventaja continues to innovate services for Filipinos overseas

Launched in 2004, Ventaja International Corp. (Ventaja) began operations as a PEZA-registered IT company. The company developed platforms to serve the huge demand for long-distance calls by exporting telecom prepaid cards from the Philippines to Filipino migrant workers based overseas.

In 2007, Ventaja was the first company to collect SSS contributions and loan payments electronically from OFWs. Ventaja made it possible for all payments to be posted within a couple of business days.

Ventaja is a fintech with a remittance license from the Philippines. The company’s websites and payment platforms bridge the gap between Filipino and Indian migrant workers, and the institutions or merchants that serve them.

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In 2009 and 2011, Ventaja started accepting payments for Pag-IBIG and Philhealth, respectively. And in 2015, Ventaja made it possible for OFWs to shop online and pay with cash at remittance centers across the world. Ventana’s online merchant partners include Cebu Pacific and Goldilock’s.

Over the years, Ventaja strived to expand its network of collection agents in the Middle East, Asia, and Europe. As this network grew, so did collection volumes. Ventaja has been the largest collection partner for the Philippine government for many years now and has received several awards in the process. Ventaja is in SSS’ Hall of Fame for consistently being the Best OFW Collecting Partner. Pag-IBIG recognized Ventaja as their Top Performer in 2019; while Philhealth gave Ventaja an Exemplary Performance Award in 2018.

“We are committed to making government payments accessible to all OFWs. We want to empower OFWs; to make it possible for them to buy homes and save for retirement,” said Vincent Grey, founder and CEO of Ventaja International Corp.

Ventaja continues to grow and innovate. The company is overhauling its entire software platform to make it easier for other fintech to integrate Ventaja’s services, and to onboard new billers and merchants. In terms of reach, Ventaja will not stop until all OFWs can pay their SSS contributions or Pag IBIG amortizations from wherever they are.