Electronic Commerce Payments, Inc. (ECPay) , the multi-payment platform of Globe, posted a significant increase in digital merchant partners as more Filipinos transitioned to digital channels. Surpassing its target of 449,000, ECPay now boasts a general trade retail base of 450,590.
This milestone signifies an expanded reach to a larger customer base through mobile apps catering to eMoney, banking, lending, payment vending machines and sari-sari stores. Globe Group President and CEO Ernest Cu said this achievement underlines the increasing trend of Filipinos embracing digitalization.
"We take immense pride in the accomplishments of ECPay as it continues to lead the way in this shift. This shows ECPay’s dedication to optimizing the convenience and accessibility of digital payments. The remarkable expansion of its digital merchant partnerships also unequivocally demonstrates how Filipinos embrace digital financial transactions,” said Cu.
ECPay's platform provides seamless accessibility through its user-friendly mobile app and website, catering to the dynamic lifestyles of individuals. Additionally, recognizing the preferences of those who favor in-person transactions, ECPay has established an expanding network of physical payment centers across the Philippines for convenience and flexibility.
As incidents of cybercrime rise due to the pervasiveness of the internet, ECPay maintains an unwavering commitment to ensuring utmost security and reliability for its users. By implementing stringent measures, it prioritizes the protection of personal and financial information, guaranteeing peace of mind for all.
With its ongoing expansion, ECPay is on track to establish itself as a prominent force in the realm of financial technology in the Philippines.
“We have a strong conviction that digital financial transactions will be a driving force in shaping the future of the Philippine economy. In our relentless pursuit to provide Filipinos with the best payment services possible, we will continue investing in our technology, infrastructure, and workforce," added Cu.
ECPay's outstanding performance has positioned it as the primary contributor to Globe's first-quarter top line, accounting for 1.5% of gross service revenues. The platform's open nature, primarily dedicated to bills payments and prepaid load distribution for all three mobile operators in the country, has been instrumental in this achievement.