Bayad, formerly Bayad Center, said it is strengthening its partnership with Dragonpay Corp., a prominent alternative online payment gateway provider in the country.
Under the strategic partnership, Bayad enables customers of accredited Dragonpay merchants to cash-in their payments at over 600 Bayad Center and Bayad Partner branches nationwide.
Dragonpay merchants can also disburse their income funds at the said payment touchpoints.
“We have seen remarkable strides in the adoption of e-commerce in the Philippines as several financial institutions work together to boost the country’s payment gateway landscape,” said Bayad president and chief executive Lawrence Ferrer.
“We partnered with Dragonpay, sharing our mission of empowering both consumers and businesses through convenient, secured, and seamless payment and remittance transactions,” he said.
Robertson Chiang, DragonPay chief executive and founder, said the company believes in empowering businesses of all sizes by providing them with accessible and reliable payment solutions.
“Our partnership with Bayad aligns with our mission to drive financial inclusion in the Philippines by offering more convenient cash-in and disbursement options nationwide. Together, we are creating opportunities for merchants and consumers alike, fostering growth in the e-commerce space and contributing to a more inclusive economy,” he said.