Independent medical professionals can now transact with patients and suppliers using the end-to-end digital financial services of homegrown fintech platform NextPay.
NextPay said Tuesday that it activated features that will enable doctors and other healthcare professionals to accept payments from different channels — from QR codes, eWallet, debit, and credit, to direct bank transfers — providing them and their patients’ flexibility and greater convenience.
“We see a huge potential in tapping the independent medical professionals’ market, as the budding sector continues to grow along with the accelerated digital transformation of the Philippines,” NextPay chief executive officer 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.”
Users in the medical field can also keep track of their business activities using a digital ledger that integrates all of their transactions, enabling them to manage their finances more efficiently and accurately.
During the height of the pandemic in 2020, a spike of 170 percent in teleconsultations was recorded in the country. However, even with the lifting of health protocols, telemedicine is still a common practice among hospitals and clinics.
NextPay is backed by Silicon Valley-based startup accelerator Y Combinator, Singapore-based venture capitalist Golden Gate Ventures, the Ayala Group’s Kickstart, and Gentree Fund, the private investment vehicle of the Sy Family of the SM Group conglomerate, and other investors.