Thursday, June 20, 2024

Dragonpay seals expansion deal with Wix on PH market

Dragonpay, one of the Philippines’ fintech pioneers and payment gateways, has partnered with Wix.com, a global SaaS platform to create, manage, and grow an online presence and provide Wix’s Philippine-based merchants access to Dragonpay’s payment gateway.

Photo shows Robertson Chiang, founder and CEO of Dragonpay, talking about the strategic partnership with Wix

The company said the partnership will also enable local companies to accept seamless and secure digital payments.

Through this partnership, Wix merchants in the Philippines can connect to Dragonpay and process credit cards, and a variety of other payment methods including cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

“We are always working to provide Wix merchants with a variety of convenient and innovative payment solutions tailored to local and global business needs. The integration with Dragonpay gives our merchants in the Philippines more choice and flexibility in the payment methods they offer their customers, enabling them to remain competitive, increase conversions and ultimately grow their revenues,” Amit Sagiv, co-head of Wix Payments, said.

In addition, with more payment options available, customers are more likely to complete their purchases, reducing the number of abandoned carts and increasing the conversion rate. They can also have peace of mind that their personal and financial data is secure. This builds trust between customers and merchants, leading to increased brand loyalty and repeat business.

“Dragonpay has been around for 13 years now, processing over 300 million transactions to date. We know that our job will never be done. We remain steadfast in our commitment to empowering every online Filipino business and consumer through secure, accessible and reliable payments. Hence, we continue to forge partnerships that share the same passion and vision that we have like Wix,” Robertson Chiang, founder and CEO of Dragonpay, said.

Armed with lessons learned from a global pandemic, more and more businesses are shifting their businesses online, making it crucial for them to have a secure and reliable payment gateway. 

With the rapid growth of the e-commerce market in Southeast Asia, including the Philippines, this shift aligns with the projected revenues that are forecasted to reach $18.16 billion for 2023 and balloon up to $29.54 billion by 2027 as reported by market and consumer data platform, Statista.

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