Global payment service provider Payop has announced a strategic partnership with Dragonpay, a Philippine online payment platform. This collaboration promises to enhance the user experience for businesses and consumers in the Southeast Asia region.
Philippine Payment Market Insights
The Philippines is undergoing a transformation in digital payments, with e-wallets gaining popularity alongside traditional methods. According to Statista, 94% of respondents still favor cash, but the number of digital payment users is steadily increasing, reaching 33.85 million by 2025.
Payop's Role in the Collaboration
Payop, offering multiple payment methods, aims to integrate various payment solutions into its platform, granting clients access to all segments of potential users. Payop's CEO, Anastasiia Semenkova, emphasized the significance of this partnership for business development: '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.'
Dragonpay and Its Impact on Financial Accessibility
Founded in 2010, Dragonpay offers a wide range of alternative online payment solutions and partners with over 3,500 merchants. Dragonpay's founder, Robertson Chiang, highlighted: 'Our collaboration with Payop allows us to provide a seamless payment experience to a broader audience, ultimately enhancing financial accessibility in the region.'
The partnership between Payop and Dragonpay signifies a commitment to improving digital financial services in the Philippines, important amidst rising interest in online banking and electronic payments.
