Dragonpay Partners with Wix to Expand Payment Options for Merchants and Customers
Dragonpay, a trusted payment gateway and leading fintech firm in the Philippines, has announced a strategic agreement with Wix.com Ltd. (Nasdaq: WIX), a global SaaS platform for building, managing, and developing an online presence. This agreement will give Wix's Philippine-based merchants access to Dragonpay's payment gateway, allowing their consumers to make smooth and secure digital payments.
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| Dragonpay Partners with Wix to Expand Payment Options for Merchants and Customers |
Wix merchants in the Philippines may now take a variety of payment options, including credit cards and cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), thanks to the integration of Dragonpay's payment gateway. This growth of payment choices improves customer convenience and broadens merchants' market reach, ultimately increasing sales and revenue.
Wix Payments Co-Heads Amit Sagiv and Volodymyr Tsukur stressed the importance of providing Wix merchants with innovative payment options adapted to both local and global business demands. According to them, "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."
Furthermore, having a variety of payment alternatives encourages customers to complete their purchases, lowering cart abandonment and raising conversion rates. This also creates trust between customers and merchants since customers can be confident that their personal and financial information is safe, resulting in enhanced brand loyalty and repeat business.
Dragonpay's Founder and CEO, Robertson Chiang, emphasized the company's dedication to enabling Filipino businesses and customers through secure, accessible, and dependable payments. "Dragonpay has been around for 13 years now, processing over 300 million transactions to date," he claimed. We are committed and will continue to form relationships with companies who share our passion and vision, such as Wix."
As the Southeast Asian e-commerce sector expands rapidly, with estimated revenues of $18.16 billion in 2023 and $29.54 billion by 2027, according to market and consumer data portal Statista, the need for secure and dependable payment gateways becomes increasingly important. This collaboration between Dragonpay and Wix represents a substantial opportunity for micro, small, and medium-sized enterprises (MSMEs) in the Philippines to develop an online presence and reach a more extensive consumer base.
To discover more about Dragonpay's cooperation with Wix, click on https://www.dragonpay.ph/developers/wix/.
