Dragonpay offers digital currencies payments to thousands of merchants in the Philippines

Dragonpay accepts digital currencies through TripleA

The Philippines is one of the world’s fastest adopters of digital currency, with the third-highest uptake of digital currencies globally. Seeing the potential of digital currency in the e-commerce market, Dragonpay partnered with Triple-A to launch digital currencies payments to thousands of merchants in the Philippines. 

With the low penetration of credit cards and banking services in the Philippines, Dragonpay bridges the gap between e-commerce businesses and customers by providing alternative online payment methods. Dragonpay’s payment gateway enables customers the flexibility of making payments online or over the counter at authorized payment centers after they have purchased goods and services with the merchants and retailers.

“Now that digital currencies is transforming the e-commerce space, we have to be ready for it. Being part of a more extensive regional payment network will allow us to open doors for both Filipino online merchants to access buyers worldwide, and conversely, for the global merchants abroad to cater to Filipino consumers,” said Robertson Chiang, Founder and CEO of Dragonpay. 

Digital currency ownership is extremely prevalent in the Philippines. Around 39% of Filipino digital currencies owners said that they would use digital currency as a means of payment for online purchases (OECD, 2019). On the regulatory front, the Philippine government has been friendly towards digital assets, and they have licensed over a dozen digital currencies exchanges to operate in the country.

“Recognized as the leading Payment Service Provider (PSP) in the Philippines, Dragonpay is licensed and regulated by the Bangko Sentral ng Pilipinas (BSP), and we are proud to be the chosen partner as it further strengthens our position in the digital currencies payments space,” said Eric Barbier, CEO of Triple-A. 

The pandemic has fuelled the digital currency trend in the Philippines. With more Filipinos investing and generating income from digital currency, the demand to spend digital currencies on everyday items will increase, and businesses have to be ready for that.

About Triple-A
Triple-A allows online and offline businesses to accept digital currency payments with zero price volatility risk by converting them to local currencies in real-time. With its easy setup, highly competitive exchange rate, and no-chargeback payment system, Triple-A helps businesses increase their revenue by accessing the growing digital currency users (300m+) community from all over the world.

About Dragonpay
Dragonpay is the pioneer and leader in Alternative Payments for the Philippine e-commerce market. It provides alternative online payment solutions to businesses of all sizes. Through its gateway, customers can purchase goods or services online, and pay for them using cash or check at physical, brick-and-mortar payment counters, ATM’s, mobile wallets, or through online bank debit.

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