Is Peso Wallet legit?
Yes. Peso Wallet is on the SEC list of recorded online lending platforms. It is run by Hi-Fin Lending, Inc (SEC Reg. No. CS201910995, CA No. 3027). The SEC list dated Sep 29, 2026 records it as "Peso Wallet". The SEC lifted an order of revocation against the company (SEC En Banc Case No. 06-25-576, Nov 27, 2025). SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Peso Wallet" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Hi-Fin Lending, Inc., CS201910995 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 3027 (as printed by Peso Wallet) | Google Play, updated Sep 29, 2026 |
| Price published | Yes: Maximum annual fee rate (APR) 28%; one-time sign fee and service fee 0% to 22%. | Google Play, updated Sep 29, 2026 |
| Loan amount and term | ₱2,000 to ₱25,000, over 91 to 365 days | Google Play, updated Sep 29, 2026 |
| Google Play rating | 4.6 of 5 from 49,991 ratings, 1M+ installs, as of Oct 2, 2026 | Google Play, updated Sep 29, 2026 |
On ₱5,000 for 120 days, Peso Wallet's published terms come to at most ₱1,560 in interest and fees: interest of 2.3% a month and an all-in cost of 11.8% a month, higher because its service fee is added on top, and you repay in instalments but pay interest on the original amount the whole time. Peso Wallet on Google Play, updated Sep 29, 2026
Working: 28% a year × 120/365 days × ₱5,000 = ₱460 interest; service fee 22% × ₱5,000 = ₱1,100. The all-in rate is the monthly rate at which 4 payments of ₱1,640 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Within the SEC caps for this loan: interest 2.3% a month against the 6% cap; all-in 11.8% a month against the 12% cap (SEC MC No. 14 s.2025, effective Apr 1, 2026). SEC MC No. 14 s.2025
Next: check the worked Disclosure Statement below, then compare Peso Wallet with the other recorded apps, or get it from its official Google Play listing.
Peso Wallet interest rate and what you pay back
Maximum annual fee rate (APR) 28%; one-time sign fee and service fee 0% to 22%.Its own example, ₱10,000 for 91 days
Total repayment: PHP 10,000+PHP 250+ PHP 800=PHP 11,050
- You pay back
- Up to ₱6,560
- Cash you receive
- ₱5,000
- Interest and fees
- Up to ₱1,560
- Interest a month, at most
- 2.3%
- All-in cost (EIR) a month, at most
- 11.8%
- Share of the loan
- 31.2%
Terms from Peso Wallet's Google Play listing, updated Sep 29, 2026. The calculator gives the same ₱11,049 for Peso Wallet's own example. Documentary stamp tax on a ₱5,000 loan for 120 days is about ₱12.33 (NIRC Sec. 179); check whether the Disclosure Statement passes it on. DST calculator Source
Peso Wallet Disclosure Statement, worked out: ₱5,000 for 120 days
Peso Wallet must give you this statement in writing before the loan is made (RA 3765, the Truth in Lending Act, Sec. 4). These are the figures it should show at its published maximum; if yours differ, ask why before you accept.
| Figure | Inputs | Rule | Result |
|---|---|---|---|
| Amount financed | ₱5,000 borrowed, nothing taken off | RA 3765 Sec. 4(5) | ₱5,000 |
| Interest | 28% a year × 120/365 days × ₱5,000 | Peso Wallet's published maximum | ₱460 |
| Service fee | 22% × ₱5,000, added to repayment | Part of the finance charge, RA 3765 Sec. 3(3) | ₱1,100 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱1,560 |
| Simple annual rate | Peso Wallet publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 28% |
| Late penalty, at most | 5% × ₱6,560 due | SEC MC No. 14 s.2025 Sec. 3 | ₱328 a month |
| All charges together, at most | 100% × ₱5,000 | SEC MC No. 14 s.2025 Sec. 3 | ₱5,000 |
| Documentary stamp tax on the loan | ⌈₱5,000 ÷ ₱200⌉ × ₱1.50 × 120/365 | NIRC Sec. 179, as amended by RA 10963 | ₱12.33 |
| Owed to you if the statement leaves one out | Greater of ₱100 or 2 × ₱1,560, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱2,000 |
Should you borrow from Peso Wallet?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱1,260 less than Peso Wallet's published maximum of ₱1,560.
Choose Peso Wallet if
- you borrow ₱10,000 or less for up to four months: its published maximum stays within the SEC caps.
- you want to spread payments over as long as 365 days.
Peso Wallet requirements, customer service and how to pay
- Requirements
- Philippine resident; 18 years old or above
- customer.service@pesowallet-ph.com
- Phone
- Not listed on its Google Play listing
- Pay through
- The channels shown in the app for your loan
As Peso Wallet lists them on its Google Play listing, updated Sep 29, 2026. Use only these channels or the app itself. Source
If you cannot pay Peso Wallet on time
If all ₱6,560 of a ₱5,000, 120-day Peso Wallet loan fell due unpaid, the penalty could be at most ₱328 a month, and interest, fees and penalties together could never pass ₱5,000. Hi-Fin Lending, Inc's collectors, and any agency it hires, may not post your details, threaten you, call before 6 a.m. or after 10 p.m., or message anyone in your contacts except the guarantors you named (SEC MC No. 18 s.2019).
Complain to Peso Wallet first at customer.service@pesowallet-ph.com. If that fails, report Hi-Fin Lending, Inc to the SEC on hotline 14732 or the iMessage portal, and report messages to your contacts to the National Privacy Commission at complaints@privacy.gov.ph. All eight prohibited collection practices.
This page covers Peso Wallet's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Peso Wallet first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Peso Wallet
Who owns Peso Wallet?
Hi-Fin Lending, Inc (SEC Reg. No. CS201910995), per the SEC list dated Sep 29, 2026.
What is Peso Wallet's interest rate?
Peso Wallet states (Peso Wallet's Google Play listing, updated Sep 29, 2026): "Maximum annual fee rate (APR) 28%; one-time sign fee and service fee 0% to 22%." On ₱5,000 for 120 days: interest of 2.3% a month and an all-in cost of 11.8% a month, higher because its service fee is added on top, and you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Peso Wallet?
Peso Wallet lists (Peso Wallet's Google Play listing, updated Sep 29, 2026): Philippine resident; 18 years old or above.
What is Peso Wallet's customer service number or e-mail?
E-mail: customer.service@pesowallet-ph.com. As listed by Peso Wallet (Peso Wallet's Google Play listing, updated Sep 29, 2026).
Does Peso Wallet call your contacts?
Hi-Fin Lending, Inc may not contact anyone in your phone contacts except the guarantors or co-makers you named, even if you allowed access (SEC MC No. 18 s.2019, Sec. 1(h), issued Aug 19, 2019). Raise it with Peso Wallet at customer.service@pesowallet-ph.com, then the SEC on 14732.
Cheaper than Peso Wallet for ₱5,000 over 120 days
No lender pays to appear on this site or to change its position.
- Pocketcash (Elending): at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 (interest and fees)); lends ₱1,000 to ₱50,000.
- Vplus: at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 interest); lends ₱1,000 to ₱50,000.
- Pesos.ph: at most ₱395 in interest and fees (24% a year × 120/365 days × ₱5,000 = ₱395 interest); lends ₱1,500 to ₱50,000.