Dragonpay looking to build more strategic partnerships

PAYMENT gateway provider Dragonpay is looking to reach and serve more Filipinos nationwide in 2023 as it aims to build more strategic partnerSHIPS WITH fiNANCIAL PLAYERS.

“Internally, Dragonpay is reinforcing its team’s capacity and work environment to get employees geared up to deliver the best service to its partners and end-consumers,” Robertson Chiang, DragonPAY FOUNDER AND CHIEF TECHNOLOGY OFfiCER, SAID. “Alongside our continuous efforts to innovate alternative payments, we are also focused on enSURING EFfiCIENCY IN OUR SYSTEMS THROUGH CONSTANT evaluation and improvements.”

He continued that Dragon foresees that digitizing transactions in the Philippines will continue as out of the 130 million transactions it has processed in 2022, 78 percent were facilitated through digital channels such as e-wallet and online banking. Meanwhile, 8 percent were done via physical channels and 4 percent using credit cards.

“The continued growth of digital payment systems is key in fueling the country’s journey toward being a cash-lite society,” Chiang noted. “More businesses are now compelled to leverage the growth momentum of digital payments, especially ecommerce, and the promise of crossborder selling in global marketplaces. These two were largely accelerated by increased internet and mobile penetration in the country as well our Covid-19 experience.”

Dragonpay has been working with businesses of all sizes to get them onboard in the digital economy.

It has been creating payment solutions for them which gives them more opportunities to SCALE THEIR BUSINESSES AND REflECTS THEIR IMPETUS by broadening their payment options.

“Building trust among stakeholders is crucial in promoting a cash-lite society. Payment innovations need to enable a win-win ecosystem. Moreover, security is paramount whether they transact PHYSICALLY OR DIGITALLY. GIVING THEM THE flEXIBILITY to pay must be coupled with making them feel that they are protected,” Chiang concluded.