ShopeePay, Shopee’s integrated mobile wallet, partners with GHL Systems Berhad, to expand digital payment acceptance in the Philippines, bringing cashless payment solutions for businesses and consumers to over 83,000 merchant points nationwide.
GHL, ASEAN’s leading payment solutions provider, with a vast footprint of 383,600 payment touchpoints across the region, teams up with ShopeePay to drive digital payments in the Philippines as more Filipinos continue to shift towards safer and more convenient options. ShopeePay users can now pay at establishments such as Phoenix Petroleum, Family Mart, Three Sixty Pharmacy, Prince Retail, and more chains nationwide.
The future of digital financial services in Southeast Asia sees great potential. The region’s gross transaction value will experience a 15% increase, expecting to reach U$1.2 trillion dollars from digital financial services by 2025. With more Filipinos embracing cashless payment methods, the total transaction value for digital payments is expected to have an annual growth rate of 14.67% in the next four years. With this, ShopeePay continues to expand its roster of partner merchants to serve more individuals anytime and anywhere.
Ruoshan Tao, Head of ShopeePay Online Philippines, said, “As more consumers adopt digital and contactless payments, it’s essential for ShopeePay to provide easier ways for our consumers to transact online. With our partnership with GHL, we can scale up our network of partners and offer our customers access to a wider variety of partner merchants. We will continue to collaborate with other organizations to support Filipino consumers embracing digital payments.”
The collaboration between ShopeePay and GHL aims to encourage Filipinos to embrace digital payments. ShopeePay will work with new partners to boost both financial and digital inclusion throughout the country, and will push for initiatives that will support the easier adoption of finance digitalization.
Rey Maria R. Chumacera, Chief Executive Officer at GHL Systems Philippines, said, “Adding ShopeePay to our range of digital payment acceptance is definitely the way forward to allowing our merchants to reach a larger consumer base. With ShopeePay’s expansive reach, we can continue growing together, reaching immense scalability in time. At the end of the day, consumers are the clear winners from an enhanced payment experience.”
Users can activate and cash-in their ShopeePay wallets through online banking, debit card, and over-the-counter partners to enjoy a safe and rewarding cashless experience.
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