Global payment service provider Payop has announced a strategic partnership with Dragonpay, a leading Philippine-based payment platform, in a bid to simplify and expand digital payment accessibility across Southeast Asia. The collaboration aims to bridge the gap between global merchants and Filipino consumers by integrating localized and diversified payment solutions.
Driving Financial Inclusion in a Diverse Market
The Philippines is undergoing a digital transformation in its payments landscape. While cash still dominates—with 94% of users citing it as their preferred method according to Statista—digital alternatives like e-wallets (64%) and online card payments (52%) are rapidly gaining traction. This growth is largely fueled by increased smartphone penetration, improved digital infrastructure, and a push toward financial inclusivity.
With this partnership, Payop will leverage Dragonpay’s suite of payment methods, giving its international clients access to a broader consumer base that includes both urban and rural populations. Dragonpay enables transactions via local banks, mobile wallets, and over-the-counter payment options, making it a powerful tool for businesses seeking seamless integration into the Southeast Asian e-commerce ecosystem.
Enhancing E-Commerce Capabilities
In 2024, the Philippines saw over 33.85 million digital payment users, with 99.5% of transactions attributed to e-commerce. These numbers are only expected to rise, and businesses entering the region must adapt to consumer preferences. By offering multiple payment methods, merchants can significantly boost conversion rates and customer satisfaction.
Payop, which has been serving global merchants for over six years, is known for its extensive network of localized payment solutions. The company is focused on providing simple, reliable, and inclusive payment experiences, making cross-border transactions more accessible than ever.
Executive Insights on the Collaboration
Anastasiia Semenkova, CEO of Payop, emphasized the significance of the partnership:
“International e-commerce websites have previously focused on card payments for their expansion strategies, overlooking the potential to engage consumers who prefer alternative payment methods for everyday transactions. 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. Online shopping is now more convenient than ever. Dragonpay’s solution integrates all major banks and e-wallets, allowing local shoppers to pay using their familiar methods at Payop checkout. We value their reliability and payment expertise.”
Echoing the sentiment, Robertson Chiang, Founder and CEO of Dragonpay, added:
“Our collaboration with Payop enables us to provide a seamless and comprehensive payment experience to a broader range of consumers. By combining our local expertise with Payop’s international presence, we are confident that we can further enhance the accessibility and convenience of digital payments in the region, ultimately driving financial inclusion and growth.”
A Step Toward a Digitally Empowered Future
The Payop–Dragonpay partnership comes at a pivotal time, as the Philippines continues to move toward a cash-lite economy. The alliance is expected to further enable businesses—both global and local—to adapt to evolving consumer habits while supporting the country’s goal of boosting digital financial services.