Pearl Pay
Pearl Pay

Your Virtual Money Logistics System

PreICO dates
Start date: 2018-07-10
End date: 2018-08-30

ICO dates
Start date: 2018-09-01
End date: 2018-10-30

Registrated in: Philippines

Platform: Komodo
Type: KMD


Pearl Pay categories
Banking Business services Cryptocurrency
Pearl Pay token sale
KYC passing required No | Whitelist No | Restriction for countries China
Soft cap 5000000 USD
Hard cap 35000000 USD
Tokens for sale 175,000,000
Token distribution in ICO
Price in PreICO 1 PRLPAY = .20 USD + 20% discount
Minimal investment 100 USD
Acceppting BTC,KMD
Bonus in ICO 20% Bonus on Presale
Pearl Pay is creating a solution to interconnect Payment, Remittance, Banking and Cryptocurrency. We will solve this using a comprehensive, secured and affordable Mobile Wallet OS and use Blockchain as a service to lower the cost. Based on recent research, 70% of Filipino families has no bank accounts. There is also a high cost for domestic and international remittance which is a USD$33B industry in the Philippines.

Pearl Pay also identified that there more than 400 Rural Banks which has no foreign payment license. The average cost to setup the infrastructure needed is approx. USD$4M.

Pearl Pay is a Virtual Money Logistics System™ (VMLS™) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market.

We created a white-label product that allows rural banks to launch their own virtual prepaid Pearl Pay and MasterCard accounts as fast as 30 days. 
Pearl Pay news, social
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Random whitepaper excerpts

General Information
This whitepaper describes the initial sale in which the PEARL PAY COIN
(PRLPAY) is sold. PRLPAY is a cryptocurrency that is designed to be used
for all services provided by the PEARL PAY PLATFORM as explained in this
whitepaper. PRLPAY also can be used as a Cryptocurrency to pay for any
other services provided by other business entities. PEARL PAY will generally
not limit the usage of PRLPAY or the types of business entities that would
like to use PRLPAY for their business.
PRLPAY is not intended to constitute a security in any jurisdiction. This
white paper is not a solicitation for investment and does not pertain in any
way to an offering of securities in any jurisdiction.
Please note that purchases of PRLPAY are final and non-refundable.
Individuals, businesses, and other organizations should carefully weigh the
risks, costs, and benefits of acquiring PRLPAY.
Limitation of the Purchasers
You are not eligible to and you shall not purchase PRLPAY through it...

The purchase of PRLPAY carries with it significant risk. Prior to purchasing
PRLPAY, the purchaser should carefully consider the risks listed below and,
to the extent necessary, consult a lawyer, accountant, and/or tax profes
sional prior to determining whether to purchase PRLPAY.
1. PRLPAY will be stored in a wallet, which can only be accessed with
a password selected by the purchaser. If a purchaser of PRLPAY does not
maintain an accurate record of their password, this may lead to the loss of
PRLPAY. If your password protection is weak and it is cracked or learned by
somebody else, this may also lead to the loss of PRLPAY. As a result, pur
chasers must safely store their password in one or more backup locations
that are well separated from the primary location.
2. The purchaser recognizes that some of the services under the
PEARL PAY PLATFORM is currently under development and may undergo
significant changes before release. The purchaser acknowledges that any...

Any entities of PEARL PAY and officers and employees thereof shall not be
liable for your loss of PRLPAY after it is transferred to you by any reason
including but not limited to your failure to maintain or backup an accurate
record of your password or password cracking by somebody due to your
poor maintenance of your password.
PEARL PAY will do its best to launch its operations and develop PEARL
PAY PLATFORM. Any person undertaking to acquire PRLPAY acknowledg-
es and understands however that PEARL PAY does not provide with any
warranty as to the release of the PEARL PAY PLATFORM. They acknowl
edge and understand therefore that PEARL PAY (incl. its bodies and em
ployees) assumes no liability or responsibility for any loss or damage that
would result from or relate to the incapacity to use the PRLPAY.
Regulatory authorities are carefully scrutinizing businesses and operations
associated to Cryptocurrencies in the world. In that respect, regulatory
measures, investiga...

Representation and Warranties by the
Representation and Warranties by the Purchasers
By participating in the coin sale of PRLPAY, the purchasers represent and
warrant to PEARL PAY as follows:
1. you are authorized and have full power to purchase PRLPAY ac
cording to the laws that apply in your jurisdiction of domicile;
you are solely responsible for determining whether the acquisition of
PRLPAY is appropriate for you;
3. You are not acting as an agent on behalf of any other person or
entity who wish to purchase PRLPAY or participate in its coin sale;
4. You have carefully considered the risks, costs, and any other de
merits of acquiring PRLPAY and understood such the risks, costs, and any
other demerits associated with PRLPAY and its coin sale;
5. you are not acting for the purpose of speculative investment;
6. you agree and acknowledge that PRLPAY does not constitute se
curities in any form in your jurisdiction;

e. units in a collective investment scheme;
units in a business trust;
g. derivatives of units in a business trust; or
h. any other security or class of securities.
12. you have a good understanding of the operation, functionality, us
age, storage, transmission mechanisms and other material characteristics
of cryptocurrencies, blockchain-based software systems, cryptocurrency
wallets or other related token storage mechanisms, blockchain technology
and smart contract technology;
13. you are fully aware and understand that in the case where you wish
to purchase any PRLPAY, there are risks associated with PEARL PAY and
its business and operations;
14. you agree and acknowledge that PEARL PAY is not liable for any in
direct, special, incidental, consequential or other losses of any kind, in tort,
contract or otherwise (including but not limited to loss of revenue, income
or profits, and loss of use or data), arising out of or in connection with any

General Information
Limitation of the Purchasers
No Representations and Warranties
Representation and Warranties by the Purchasers
Updates to the Detail of the Coin Sale
Market and Industry Information
About Pearl Pay
About MatchMove Wallet OS
About Komodo Platform
About Creo Platform
Company Description
Market Dynamics
The Problem
The Solution
Pearl Pay Platform
ICO (Initial Coin Offering)
Pearl Pay Coin
General Overview of ICO
Decentralized Coin Sale
Use of Proceeds
The Team

Based on the study conducted by Better Than Cash Alliance (BTCA),
The Philippines has an estimated 2.5 billions of payments per month
amounting to $74 billion (Php 3.76 trillion). But only 1% are transact
ed electronically; 99% of the transactions are paid either in cash or
According to
National Baseline Survey on Financial Inclusion, 44%
of Filipino adults had domestic remittance in the past six months. On
the average, it takes 21 minutes to go to the nearest access point
such as banks and money remittance agents. In terms of cost, the
average round-trip fare to reach an access point is Php 43.00 (ap-
proximately USD 1.00)
OFW (Overseas Filipino Workers) remittances reached USD 26.9 bil
lion in 2016.
Banks charge an average of 11% to send money to the
Philippines, which is over 3% higher than the global average cost of
Our mission is to turn around the E-Money and cash transactions

Pearl Pay is a Virtual Money Logistics System that provides world-
class and yet affordable mobile wallet white-label service for rural
banks. Using the latest technology, Pearl Pay will allow rural banks
to launch their own virtual prepaid mobile wallet as fast as 30 days.
More than just a virtual prepaid mobile wallet, Pearl Pay is a platform
into which an extensive range of third-party services will be
integrated including domestic/international money remittance,
cryptocurrency exchange, and innovative payment solutions;
empowering rural banks, OFW (Overseas Filipino Workers) and
MSMEs (Micro, Small and Medium Enterprises).
Pearl Pay will be expanding its international remittance services to
Hong Kong, Singapore, Japan and the United States of America in
the coming years.

Pearl Pay Roadmap

November 2017
Birth of Pearl Pay.
February 2018
Partnership with Matchmove and Komodo.
March 2018
Official Registration of Pearl Pay.
May 2018
Start of Initial Token Sale.
Q4 2018
Launch services in the Philippines.
Launch money remittance services in Hongkong
Launch money remittance services in Singapore.
Launch money remittance services in Japan.
Launch money remittance services in United States.
Sparky Perreras
Team Member Sparky Perreras Co-Founder & Chief Executive Officer

Pio Ryan Lumongsod
Team Member Pio Ryan Lumongsod Co-Founder, Chief Technology Officer & Chief Operating Officer

Adrian Ng, M.D.
Team Member Adrian Ng, M.D. Co-Founder & Chief Financial Officer

Atty. Jay Masangcay
Team Member Atty. Jay Masangcay Co-Founder & Chief Legal Officer

Jerwin Operio
Team Member Jerwin Operio Co-Founder & Chief Marketing Officer

John Kerr
Advisors John Kerr Co-Founder & Chairman

Napoleon Catilo
Advisors Napoleon Catilo Co-Founder & Chief Information Security Officer

Iannis Hanen
Advisors Iannis Hanen Co-Founder & Chief Architect

Ben Fairbank
Advisors Ben Fairbank ICO & Blockchain Advisor

Ben Fairbank
Ben Fairbank
ICO & Blockchain Advisor
CEO & Co-Founder