Cashsense was conceived and formed in 2005 as the payment processing division for a multinational IT development and marketing company based in Manila, Philippines.
Following the successful launch of its Overseas Filipino Workers (OFWs) remittance business, Cashsense continues to develop and launch additional business lines based on technological efficiencies and the straight-through processing of payments.
Milestones
| 2005 |
September |
eWallet and back office platform purchased from a European software development house |
| 2006 |
February |
Company registration completed with the SEC |
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Continual development and enhancement of platform and systems throughout year |
| 2007 |
February |
Lease signed on first remittance center in Central, Hong Kong |
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March |
Remittance license granted in Hong Kong |
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July |
Remittance business commenced in Hong Kong |
| 2008 |
May |
Cashsense Inc. spun off from parent company |
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August |
Second remittance center opened in New Territories, Hong Kong |
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November |
Payroll Services commenced |
| 2009 |
January |
Cashsense Ltd. established in UK |
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November |
Remittance license issued by Financial Services Authority for EEC – services commenced |
| 2010 |
January |
Upgraded platform and system goes live |
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October |
Shop Online – Pay Cash goes live |
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7-Eleven and MLhuillier added to integrated payment network |
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December |
Shopping Cart for Multiply and Facebook merchants goes live |
| 2011 |
February |
Start of Australia, New Zealand and Singapore remittance services |
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March |
Online Shopping Mall – major revision released |
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Shop & Pay Cash - Facebook app for merchants released |
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July |
500th Merchant signs up at the Cashsense Shopping Mall |
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August |
Refer & Earn for Remittance customers goes live |
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October |
Associates Program goes live |
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December |
PhilPay goes live |
Cashsense Inc. is a registered and licensed with:
| Philippines |
Bangko Sentral ng Pilipinas; Certification No: FX-2006-001581 |
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SEC No: CS200602649 |
| Hong Kong |
HKPNB Remittance Registration No: NB CON 8/3/1 SF (1397) |
| UK/Europe |
Financial Services Authority; Registration No: 505195 |
| Anti Money Laundering |
HM Customs and Excise Money Laundering Regulation; Certification No: 12549456 |