Dragonpay, one of the Philippines’ first and most trusted fintech companies and payment gateways, has partnered with Wix.com Ltd., the world’s leading SaaS platform, for creating, managing, and growing an online presence. This partnership gives Wix’s Philippine-based merchants access to Dragonpay’s payment gateway, which lets them accept digital payments safely and efficiently.
Through this partnership, Wix merchants in the Philippines can connect to Dragonpay and accept credit cards and a variety of other payment methods, including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). This makes it easy for their customers to shop online. This power is convenient and helps merchants reach a larger market, which can lead to more sales and income.
“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,” said Amit Sagiv and Volodymyr Tsukur, Co-Heads of Wix Payments.
Also, customers with more payment options are more likely to finish their purchases. This decreases the number of carts that are left empty and raises the conversion rate. Also, they can rest easily knowing their personal and financial information is safe. This makes customers and merchants feel like they can trust each other, which leads to more 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,” said Robertson Chiang, Founder and CEO of Dragonpay.
Armed with what they learned from the global pandemic, more and more businesses are moving their operations online. This means that they need a safe and reliable payment gateway. Statista, a market and consumer data platform, says that revenues are expected to reach $18.16 billion in 2023 and rise to $29.54 billion by 2027, which aligns with this change. This is because the e-commerce market in Southeast Asia, which includes the Philippines, is multiplying.
This growth gives micro, small, and medium-sized businesses, or MSMEs, in the Philippines a big chance to shop online and reach a broader range of customers. But for these businesses to succeed in the online market, they need access to reliable payment gateways that can handle different payment options.
