In a move aimed at enhancing digital payment accessibility across the Philippines, Bayad, formerly known as Bayad Center, announced a strengthened partnership with Dragonpay Corp., one of the leading online payment gateway providers in the country.
Through this strategic collaboration, Bayad is empowering customers of Dragonpay’s accredited merchants to conveniently cash in their payments at over 600 Bayad Center and Bayad Partner branches nationwide. Additionally, Dragonpay merchants will benefit from the ability to disburse their income funds at these same payment touchpoints.
Lawrence Y. Ferrer, Bayad president and CEO, emphasized the importance of this partnership, noting the significant growth in e-commerce adoption within the Philippines. “We’ve seen remarkable strides in the adoption of e-commerce as various financial institutions come together to strengthen the country’s payment gateway landscape. Our partnership with Dragonpay aligns with our shared mission of providing consumers and businesses with convenient, secure, and seamless payment and remittance solutions,” Ferrer said.
Robertson Chiang, CEO and founder of Dragonpay, shared his enthusiasm for the collaboration, highlighting its alignment with their broader goal of financial inclusion. “Our partnership with Bayad is an extension of our mission to provide accessible, reliable payment solutions that empower businesses of all sizes. By offering more cash-in and disbursement options nationwide, we’re creating new opportunities for both merchants and consumers, which ultimately drives growth in the e-commerce space and contributes to a more inclusive economy,” Chiang explained.
The partnership between Bayad and Dragonpay marks a significant step in expanding payment access and supporting the continued growth of digital transactions in the Philippines, ensuring that more consumers and businesses can take part in the country’s thriving e-commerce ecosystem.
