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Xendit is the first and only payment gateway to work with all major e-wallets in the Philippines

Xendit is the first and only payment gateway to work with all  major e-wallets in the Philippines

 E-wallets have managed to change the landscape of the payment system and through this, Xendit has established its position as the Philippines’ payment gateway of choice. As the first and only platform that works with the three top e-wallets in the Philippines market: GCash, PayMaya, and GrabPay, Xendit allows merchants to accept payments and eliminate the need to perform separate integration and maintenance.

Xendit’s partnership with the top e-wallets and merchants make it more convenient for businesses to send and accept payments. In turn, optimizing the user experience by choosing the type of checkout that suits them best, customers have more payment choices when shopping online via a single endpoint or plug-in, through GCash, Paymaya and GrabPay. 

Online transactions have seen a sharp rise, according to The State of Digital Payments in the Philippines 2019 report by the Better Than Cash Alliance. The share of digital payments was recorded at 10% by volume and 20% by value in 2018. This is a dramatic increase from 2013 when digital payments accounted for only 1% of the country’s total transaction volume. 

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Digital payments are also seeing an uptick amid the COVID-19 pandemic, where everyone is advised to socially distance and avoid physical contact. This led to an increase in users and transactions from e-wallets. GCash observed a 65% increase in their users in 2020 compared to the previous year. Meanwhile, PayMaya processed over P95 billion worth of online shopping transactions in 2020 alone.

In response to this greater demand for digital transactions, Southeast Asian payments start-up Xendit has been actively building the most advanced payment system for businesses. Since 2015, Xendit has powered small and medium enterprises (SMEs), some of Indonesia’s largest tech startups, and the world’s largest businesses. Its expansion in the Philippines is part of its commitment to build the country and the region’s digital payments infrastructure.

With Xendit, businesses can go live in less than a day and experience a simplified and integrated payment process. It is faster to accept payments, create and manage invoices, and disburse funds to customers, employees, and suppliers. Businesses also have access to a centralized dashboard with daily reconciliation for visibility and easy reporting.

Additionally, Xendit is equipped with a powerful in-house fraud detection system which intelligently assesses every  payment transaction. It makes recommendations on the risk level and even preemptively blocks suspicious payments. The platform also comes with a world-class customer service experience that can cater to all of the client’s needs.

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About The Author

Raymund Ravanera is an accomplished and experienced graphic designer with almost 20 years of creative expertise working in the graphic design industry. He loves the latest gadgets, food and movies. Currently, he owns and manages megabites.com.ph, an online technology and lifestyle blog since 2015.

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