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Tag: digital payments

  • Paynamics x Sterling Bank of Asia: Empowering Businesses Together!

    Paynamics x Sterling Bank of Asia: Empowering Businesses Together!

    Why Paynamics and Sterling Bank of Asia are empowering business together?

    We’re thrilled to announce our strategic partnership with Sterling Bank of Asia! Through this collaboration, Sterling Bank will introduce Paynamics’ cutting-edge payment solutions to its merchant clients—helping businesses streamline transactions and drive growth.

    Together, we’re making digital payments more accessible, seamless, and efficient for merchants across industries. This is just the beginning of financial innovation at work!

    Sterling Bank of Asia (SBA) and Paynamics Technologies have renewed their partnership to enhance the accessibility of digital payments for SBA’s business clients. Attending the event were (L-R) SBA Retail Banking Group Head and EVP Ralph Cadiz, along with President and CEO Cecilio San Pedro; Paynamics CEO Mylene Chua-Magleo, Board Member Esther Magleo, CFO Ronald Magleo, and Chief Revenue Officer Allan Condino.

    Stay tuned for more updates as we build the future of payments!

    #Paynamics #SterlingBankofAsia #Partnership #FintechInnovation #DigitalPayments

    Reference: sbaPR

  • Shopee Now Offers Users An Easy and More Convenient Way to Pay for their Utility Bills

    Shopee Now Offers Users An Easy and More Convenient Way to Pay for their Utility Bills

    Users can conveniently pay for their utility bills via ShopeePay, and on September 9, can enjoy all-day vouchers and discounts of up to 25% off.

    Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, offers an easier and more convenient way to pay water and cable bills via its mobile wallet, ShopeePay. Shopee users can now easily pay for their Maynilad, Manila Water, Cignal, SkyCable bills, and more with just a few taps on their smartphones.

    Shopee has observed an accelerated shift towards digital payments during the pandemic. According to Facebook and Bain & Co’s annual report, 22% of consumers now say that digital payment is their preferred way to pay, compared to 14% in 2019. As a response to this trend, Shopee is now providing users an option to skip the long lines at billing centers and pay their bills using the Shopee app.

    Martin Yu, Associate Director, Shopee Philippines, said, “At Shopee, our goal is to empower consumers with more options and to make it even easier for them to shop and make payments online. Through ShopeePay, we aim to deliver a seamless experience, greater cost savings, security, and convenience to our users.”

    Here’s a guide on how users can pay their utility bills online with Shopee:

    Step 1: Go to the Load, Bills & eServices Product Module, then tap Postpaid Mobile, Landline & Internet, TV Cable, or Water.

    Step 2: Select Biller and add necessary details, then tap Continue.

    Step 3: Select the preferred payment method, then tap Confirm.

    Step 4: Tap Pay Now. Once payment is successful, you will receive your order details.

    ShopeePay Promos on 9.9 Super Shopping Day

    On September 9, ShopeePay users can enjoy all-day discounts and flash vouchers of up to 25% off. They can also look forward to a coins cashback amounting to  ₱250 for new ShopeePay users and ₱150 for current users if they pay their bills through ShopeePay.*

    The Shopee 9.9 Super Shopping Day will run until September 9. It will feature exciting promos like free shipping with ₱0 minimum spend, daily flash deals for as low as ₱9, exclusive discounts of up to 90% off on leading brands, exciting prizes via in-app games, and many other exciting offers.

    For more details on billers accepting payments via Shopee, check this link https://help.shopee.ph/s/article/Shopee-Biller-Guide-List. You can learn more about ShopeePay on this link https://shopee.ph/m/shopee-pay.

    Download Shopee for free through the App Store or Google Play.

    REFERENCE:

    Catherine Llanes

    Media Relations Manager

    T. +63 2-332-10-31 loc. 103

    M2COMMS | M2SOCIAL | M2LIVE | PROI

  • Shopee Sees Growth In Digital Payments as Filipinos Adjust to the New Normal

    Shopee Sees Growth In Digital Payments as Filipinos Adjust to the New Normal

    While 70% of purchases made through digital payments were by younger users, Shopee also saw an increased adoption among users aged over 50

    Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, saw an acceleration in digital payments as Filipinos fulfill more daily needs online amidst the ongoing pandemic. Shopee saw an increase in the number of digital payments made on the platform since the beginning of the pandemic. More people paid for their purchases via credit cards, bank transfers, and ShopeePay. According to a Boston Consulting Group report, this trend will continue as more Southeast Asian households embrace digital payments during and after Covid-19.

    Martin Yu, Associate Director at Shopee Philippines, said, “2020 has brought about significant shifts in the way we live, work and shop online. Among these shifts is the accelerated move towards a cashless society across the region. In line with social distancing efforts, we see consumers embracing digital payments for greater convenience and security. Local governments are also stepping up their efforts to encourage this move. Similarly, Shopee continues to offer a wide range of digital payment options to cater to evolving needs, including ShopeePay, our mobile wallet.”

    Shopee outlines three observations on digital payments in the Philippines:

    1. Increased adoption of digital payments among older users: 70% of the total number of purchases made using digital payments were by users between the ages of 18 to 34. However, older users are also starting to adopt digital payments when shopping online. Shopee observed a 100% increase in the number of ShopeePay transactions among users over the age of 50. Given that older users typically find it harder to adapt to digital payments, this heartening trend illustrates the ease of use of ShopeePay and the trust it has built among users.
    2. Men’s adoption of digital payments is higher than women: Men increasingly value the convenience and security of digital payments. Over the past year, the rate of growth in the adoption of digital payments is 80% higher for men than for women.
    3. Digital payments are more prevalent in urban cities: The National Capital Region (NCR) has the highest digital payment adoption. Larger cities, which are critical drivers of the Philippines’ economic growth, have better connectivity and a more developed IT infrastructure. Individuals in these cities also have better accessibility to smartphones, contributing to the adoption of digital payments.

    Shopee is committed to meeting the needs of its users. Through its integrated mobile wallet, ShopeePay, Shopee strives to ensure that users can shop and pay with ease. In addition to the ease of use, ShopeePay offers several benefits to users, including convenience, a seamless user experience, security, and more significant cost savings.

    Convenient and easy to top-up: ShopeePay is easy to top-up through a variety of methods. These include online banking, payment centers, and over-the-counter bank transactions. Through ShopeePay, users can make online payments, top-up their wallets, transfer, and withdraw funds.

    Safe and secure payment method: ShopeePay follows the highest security standards. An automated registration process protects the user, and there is also a dedicated 24h Customer Service team.

    Greater cost savings with ShopeePay promotions: ShopeePay users can enjoy the following regular promotions:

    • Mobile Load: New users can earn 30 coins when they buy ₱100 worth of load, while regular users get big discounts when they buy load via ShopeePay.
    • Bills Payment: Users can claim 150 to 350 coins (with ₱800 minimum spend) when they pay their utility bills via ShopeePay.
    • ShopeePay Day: Users can enjoy free shipping with ₱0 minimum spend on ShopeePay Thursdays. They can also enjoy up to 20% off discount with minimum spending of ₱200.

    Yu closed, “As more consumers turn to our platform to stay connected and fulfill their daily needs, we are committed to leveraging our key strengths to help consumers adapt to the new normal. We want to provide our users with easy access to digital payment services such as ShopeePay, through an integrated and secure ecosystem.”

    Download Shopee for free through the App Store or Google Play.

    For me, it’s advisable make digital payments when it is needed especially during this time of COVID-19 Pandemic but always be careful and keep safe in doing this transactions to avoid fraud and other incidental matters.

    About Shopee

    Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region.

    Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy, with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

    Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

    About SeaMoney

    SeaMoney is a leading digital payments and financial services provider in Southeast Asia. Its mission is to better the lives of individuals and businesses in the region with financial services through technology.

    SeaMoney’s offerings include mobile wallet services, under the AirPay and ShopeePay brands, which provide users with easy access to digital payment services. These mobile wallets allow users to make online payments, top up their wallet, transfer and withdraw funds, and make payments offline at thousands of partner merchant locations, offering users a seamless shopping experience. SeaMoney also offers payment processing, micro-lending, and related digital financial services and products.

    REFERENCE:

    Catherine Llanes

    Media Relations Manager

    T. +63 2-332-10-31 loc. 103

    M2COMMS | M2SOCIAL | M2LIVE | PROI

  • Cross-border shopping to benefit from seasonal Ecommerce spike—PayPal

    Cross-border shopping to benefit from seasonal Ecommerce spike—PayPal

    Digital payments giant outlines three tips on how local enterprises can reach out to global consumers this holiday season

    The holiday shopping season is in full swing, bringing with it an ecommerce frenzy. The spike in online purchases during this time of the year also offers a unique opportunity for Filipino retailers: cross border shopping.

    “There is a definitely a real opportunity for Filipino entrepreneurs to connect with global consumers. Chinese consumers are particularly promising, given the Philippines’ improved bilateral relations with the world’s second largest economy,” said Nagesh Devata, General Manager for Cross Border Trade, Asia Pacific, PayPal.

    According to PayPal’s Cross-Border Consumer Research in 2018, there is a healthy appetite for ecommerce in the Asia Pacific region, with 48 percent of consumers shopping cross-border.[1]Last year, PayPal reported a record-breaking USD 1 billion+ in mobile payment volume for the first time ever on Black Friday and Cyber Monday.[2]

    For many traditional brick-and-mortar retailers, embracing an omni-channel strategy that includes ecommerce has paved the way for more sales opportunities, especially during this time of year.

    “The festive season, stretching from the end of November with Black Friday through to February with Chinese New Year, typically marks a critical time for small retailers to maximize their business opportunities and boost sales,” said Devata. “For some, these months can generate the profits needed to cover operations for the year.”

    The world has become much smaller as digital commerce platforms like PayPal enable merchants and consumers from all over the world do business with one other, to take advantage of opportunities by connecting them with global consumers, allowing SMEs and micro enterprises more opportunities to thrive.

    With many holiday purchases now being done online and global consumers opting to shop cross-border, PayPal shares three tips on how retailers can prepare their businesses for seasonal success:

    1. Plan for mobile– Mobile devices have become the preferred platform for shopping due to their convenience. While majority of cross-border purchases in 2018 were still made via desktop, laptop or notebook, the percentage of purchases on mobile is growing. In fact, 32 percent of all cross-border purchases in Asia Pacific was done on mobile.[3]
    2. Check your website security– Research by HubSpot has found that 82 percent of online users avoid sites flagged as ‘not secure’ by their browser. This makes it essential for businesses to strengthen their website security and ensure that their ecommerce pages are compliant with the local laws of their target markets.[4]
    3. Offer more payment options – According to PayPal, many consumers will cancel transactions if their preferred or trusted form of payment is unavailable. The 2018 cross-border study shows that two-thirds of online shoppers will only use a payment option or brand they recognize when making a purchase.[5]

    By knowing how to effectively use online and digital channels to sell, small retailers and SMEs can make the most out of the festive season and stay ahead of the competition.

    Reference:

    Catherine Llanes

    Media Relations Manager

    T. +63 2-332-10-31 loc. 103

    M.+63 919 005 2173

    M2COMMS | M2SOCIAL | M2LIVE | PROI