Payroll disbursement is a major concern for small and medium enterprises.
Construction firms working with local workers still opt for manual payouts where project managers or foremen are given the tasks of distributing salaries to workers.
The process cannot be closely monitored, especially for projects in distant locations, and can result in potential pilferage.
Disbursing salaries via ATMs would be ideal. However, without the proper IDs, banks cannot issue ATM cards, let alone open accounts for the workers.
Starpay has the functionality to disburse salaries to employees without releasing actual cash on-site.
Recipients do not need to own a smartphone, and a regular mobile phone for text messages will suffice.
Like a typical money transfer transaction, they will receive a text message and collect the funds from Starpay’s cash-in partners.
The system provides efficiency for liquidation and reconciliation and eliminates the possibility of ghost employees in the payroll.
Smartphone users can download the app through the Google Play Store, Apple App Store, and the Huawei App Gallery. Now with a new look, users can go cashless and pay bills with Starpay’s over 300 billers and scan-to-pay with QR PH at over 100,000 merchants nationwide.
“Starpay is committed to being the solutions provider through challenging situations. Unlike typical e-wallets, we exert efforts to reinvent the use of our core,” said Starpay head of operations Richard Rosettes.
For LGUs and government agencies, Starpay has end-to-end solutions from automation to collection, specializing in disbursement with real-time reporting for transparency as required by the Commission on Audit and other government agencies.
For private corporations, Starpay offers a fully operational HR Management system connected with the Secured Electronic Network Disbursement system that disburses to employees. It also provides a full suite of systems beyond payment and e-wallet utilization.
As a financial institution monitored and regulated by the Bangko Sentral ng Pilipinas, Starpay strictly monitors users to avoid fraud and misuse of accounts.
“Compliance is not just for regulatory purposes but for the security of all users,” it said.
Starpay is a licensed and regulated Electronic Money Issuer by the BSP.