Latest news with #Dragonpay
Business Insider
4 hours ago
- Business
- Business Insider
Payop Partners With Dragonpay to Ease Access to the Philippines' Market
Payop, an international payment service provider, has partnered with Dragonpay, a Philippine-based payment platform, to enhance the online operations experience for businesses and consumers in Southeast Asia. This collaboration perfectly illustrates the evolving Philippine digital payments landscape, where e-wallets are gaining popularity alongside well-established cash-based methods. With Dragonpay offering multiple payment options, Payop can grant its clients access to all segments of consumers in the region. Why This Partnership Matters Despite the growing penetration of digital payments, cash remains king for many Filipinos, particularly in rural areas. However, the trend is shifting as more consumers embrace online banking, mobile wallets, and other electronic payment methods, driven by convenience, security, and the expanding digital infrastructure. According to Statista Research Department, cash was chosen as the most preferred method by 94% of respondents, with e-wallets and online card payments reaching 64% and 52%, respectively. This shows that while many continue to choose cash methods out of habit, a significant segment of the population is becoming tech-savvy, leading to the gradual rooting of digital payment methods. Last year, the number of digital payment users reached 33,85 million, with e-commerce accounting for 99,5%. And that number will continue to grow. So, implementing multiple payment options is key to staying on top of the wave when doing business in this market. Payop: Simple and Reliable Payments, Worldwide Payop, an international payment service provider, has been at the forefront of facilitating simple online transactions for businesses worldwide for six years. The company is constantly expanding its arsenal of payment methods, including the Philippines, to give merchants convenient access to this market. Payop aims to bridge the gap between businesses and consumers by providing an extensive range of payment methods, ensuring inclusivity and accessibility for all users. Anastasiia Semenkova, CEO at Payop, highlighted the strategic importance of the partnership with Dragonpay for business development in the Philippine market: 'International e-commerce websites have previously focused on card payments for their expansion strategies, overlooking the potential to engage consumers who prefer alternative payment methods for everyday transactions. Our collaboration with Dragonpay not only enhances the payment experience for Filipino customers but also plays a crucial role in advancing financial inclusion in the region. Online shopping is now more convenient than ever. Dragonpay's solution integrates all major banks and e-wallets, allowing local shoppers to pay using their familiar methods at Payop checkout. We value their reliability and payment expertise.' Dragonpay Founder and CEO, Robertson Chiang, added: 'Our collaboration with Payop enables us to provide a seamless and comprehensive payment experience to a broader range of consumers. By combining our local expertise with Payop's international presence, we are confident that we can further enhance the accessibility and convenience of digital payments in the region, ultimately driving financial inclusion and growth.' About Dragonpay Established in 2010, Dragonpay is the pioneer in alternative online payments in the Philippines, empowering businesses of all sizes to accept and disburse payments through secure and convenient channels, giving their customers the flexibility to choose the payment method that's right for them. Today, Dragonpay is partnered with over 3,500* merchants, and 85* payment channels with 35,500* branches nationwide and has processed over 400* million transactions for online Filipinos globally. For more details, users can visit *Numbers may fluctuate About Payop Payop is a global payment service provider that helps businesses accept and manage online payments securely across borders. With access to over 500 payment methods in 170 countries and support for more than 100 currencies, Payop enables merchants to localize their payment strategy while scaling internationally. The platform offers seamless integration, strong fraud protection, and full compliance, supporting businesses across e-commerce, and digital services. Users can learn more at Contact PR Manager Payop
GMA Network
6 days ago
- Business
- GMA Network
GSIS taps Dragonpay to expand payment options for members
State workers' pension fund Government Service Insurance System (GSIS) has partnered with payment solutions provider Dragonpay to expand digital payment channels for its members and pensioners. In a statement on Thursday, GSIS said it signed a memorandum of agreement (MOA) with Dragonpay on July 16, 2025. Under the agreement, Dragonpay will provide electronic payment channels for the collection of GSIS loan repayments, which can be accessed by members and pensioners as a new option through the GSIS Touch app. 'What we have just signed is proof of GSIS's commitment to provide ease of doing business for our members and pensioners. Ito ang totoong pangarap na kailangan nating maipadama sa kanila, bahagi ng ginhawa na ipinangako natin,' said GSIS president and General Manager Wick Veloso. Dragonpay joins the roster of GSIS' payment partners, including Bayad Center, MLhuillier, Maya, UnionBank of the Philippines, and Land Bank of the Philippines. 'This marks a shared commitment between GSIS and Dragonpay to make government transactions more accessible, more convenient, and more responsive to the evolving needs of every Filipino,' said Dragonpay founder and CEO Robertson Chiang. Also part of their partnership, GSIS and Dragonpay will integrate their systems, including the establishment of technical specifications, reporting protocols, and regular testing to ensure accountability. Dragonpay is also required to submit daily reports and proof of transactions, which GSIS will verify against settlement records. Both parties have committed to fully comply with the Data Privacy Act of 2012, and relevant regulations of the Bangko Sentral ng Pilipinas and the Commission on Audit 'to protect the confidentiality and integrity of all personal and financial data.' —VAL, GMA Integrated News
Yahoo
28-05-2025
- Business
- Yahoo
Filipino SMEs lag regional counterparts in digital adoption
A new survey has revealed that Filipino small businesses (SMEs) continue to lag their regional counterparts in digital adoption regardless of the promising outlook and employment trends. CPA Australia has released its 16th annual Asia-Pacific Small Business Survey, which presents an analysis of SME issues and sentiment across the region with a focus on Philippines. The latest survey, which included responses from 4,236 SMEs in 11 Asia-Pacific markets, has revealed that 62% of respondents reported earning more than 10% of their revenue from online sales, below the surveyed average of 67%. Though 74% received more than one-tenth of their revenue from digital payment technologies like Dragonpay and GCash, close to the regional average (75%), just 13% sought advice from IT consultants last year, well below the Asia-Pacific average of 28%. The survey also highlighted that those SMEs that invested in technology in 2024 experienced benefits, with 69% reporting improved profitability, surpassing the regional average of 56%. On the positive note, the survey revealed that Filipino SMEs continue to show strong growth dynamics, with 77% reporting growth in 2024 and 89% expecting to expand in 2025. The survey results indicate that the growth is driven by a focus on customer needs with 46% citing customer loyalty and 37% pointing to improved customer satisfaction as their top contributors to growth. In 2024, the number of growing businesses in the Philippines reached its highest point since 2019, and 41% of SMEs increased their workforce last year with 57% plans to expand employee base in 2025. CPA Australia Philippine finance industry qualified accountant Rufus Pinto said: 'Small businesses in the Philippines are thriving due to their exceptional customer-centric approach, which helps them to retain loyal clients and attract new ones. 'Our young population is a key driver of the dynamic economy. The Philippines has one of the youngest small business owner profiles in the region and their strong entrepreneurialism is driving growth in the sector.' Financial access remains a pressing issue, as 65% of them sought external finance in 2024, but only 22% found it easy to secure funding with 40% of them responded that rising costs as a major barrier to growth. Pinto added: 'Filipino small businesses should set ambitious long-term goals and craft well-prepared business plans towards achieving them. These are persuasive and solid documents for securing bank loans.' Looking ahead, 28% Filipino SMEs are expecting strong growth from overseas markets in 2025, the highest expectation in three years and above many of their regional counterparts. "Filipino SMEs lag regional counterparts in digital adoption " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
