Mobile app Centsilyo is seeking to strengthen the government’s No Shortchanging Act of 2016.
Establishing its name in the digital payments industry, Centsilyo, a Bisaya word for change, was developed by three students from the University of Southeastern Philippines–Mariah Nicole Perez de Tagle, Daniella Javilles, and Annie Marrise Insong.
The mobile wallet app was made to “digitally pays items and also store changes up until the last cent.”
De Tagle said this was to give support to the No Shortchanging Act of 2016 which prohibits business establishments from giving insufficient or no change to Filipino consumers.
The group is optimistic it could further improve the application after it emerged recently as the winner of the Philippine Startup Challenge 4 National Finals organized by the Department of Information and Communications Technology.
“We will [pursue it], and we already talked to the people here that are willing to mentor us or invest in our app,” said Javilles.
Commercially, telco carriers Globe and PLDT have been beefing up the presence of their digital payments providers in the local market.