Dragonpay provides innovative payment solutions to help merchants accept or disburse payments online. We focus on alternative payment channels such as banks, mobile payments, ATM’s, and brick-and-mortar payment centers. By doing so, we provide our merchant's convenience, better protection against fraud, and low transaction fees.
Online Payment Collection
Everybody believes e-commerce will be a major force in retail. The challenge remains in developing countries like the Philippines where the main mode of payment is still cash. With a population of over 100M, the estimated number of Filipinos with credit cards only stands at 5%. It is also estimated that only about 20% to 25% of the population at most have a bank account. How do you get these potential buyers with no credit cards to shop online?
Dragonpay solves the problem by extending the online world to the physical world. Customers can buy online from e-commerce merchants and fulfill the payment through non-credit card channels. We currently support online banking of most of the major local commercial banks, physical ATM payments, over-the-counter (OTC) cash payments at banks and retail establishments (supermarkets, groceries, department stores, courier centers, remittance centers). Merchants are provided with a single, unified Application Programming Interface (API) to accept payments from any supported source.