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Xendit now in PH offers seamless online payment solutions platform

Xendit now in PH offers seamless online payment solutions platform

Leading Indonesian fintech company Xendit is now expanding its operations in the Philippines to create a seamless payment infrastructure for the country and the  rest of Southeast Asia.

Businesses have seen a sharp rise in digital transactions as Filipinos continue to follow quarantine guidelines and many wanted to continue enjoying the convenience of electronic payment methods. Xendit offers the simplest and most trusted name in digital transactions to enable businesses to accept an array of transactions from credit and debit cards to bank transfers and more.

“While we see increasing demand for digital transactions, we understand that many businesses in the Philippines have not yet fully embraced the digitalization journey. Xendit is unique because we build deeply into each local market and culture, allowing us to work hand-in-hand with both traditional and startup businesses to innovate together along  their digital transformation journey. This is especially important now, as so much of the Philippines continues to rely on transacting online for essential payments and purchases.”

Yang Yang Zhang, Managing Director, Xendit Philippines.

The GrabPay wallet uses Xendit Direct Debit, through which customers can link their bank accounts just once to seamlessly top up their GrabPay balance. This first-to-market product, now live for BPI, UnionBank and (soon!) BDO, lets customers link their bank accounts for both one-time and recurring payments, secured by successful completion of two-factor authentication (2FA).

“There is a growing trend toward digital payments and those who have embraced it cite that they enjoy the convenience, quick transaction time, and low processing fees. By working with Xendit to increase the accessibility of digital payments for our users, we can contribute to far-reaching financial inclusion, innovation, and competitive costs,” says Jonathan Bates, Head of GrabPay Philippines.

Another key feature of Xendit’s product suite is its robust security structure, powered by an in-house system that assesses credit card transactions for fraud risks. Built with advanced data analytics and optimized with machine learning, this fraud detection system pre-emptively blocks payments that are deemed high-risk.

“These uncertain times have encouraged businesses across all sectors to look into adopting digital payment solutions like contactless transactions. Many are realizing that cashless payments are not just safer health-wise, but more convenient for both business owners and customers, especially those who are unbanked. Xendit’s fraud management tools ensure that even the most traditional businesses feel comfortable accepting payments online for the first time,” adds Carlo Almendral, CEO of TARA!, a newly launched contact tracing application that leverages Xenpayments to enable Department of Tourism (DoT)-accredited merchants to accept payments contactlessly through direct debit, credit cards, e-wallets, and retail outlets.

Another key feature of Xendit’s product suite is its robust security structure, powered by an in-house system that assesses credit card transactions for fraud risks. Built with advanced data analytics and optimized with machine learning, this fraud detection system pre-emptively blocks payments that are deemed high-risk.

“Xendit’s suite of services is designed to make payments simple, secure, and easy for customers while enabling businesses to grow exponentially. As a platform that’s deeply rooted in Southeast Asia, we keep our ear to the ground to better recognize the specific needs and wants of each business in the market,” explains Moses Lo, Xendit Group CEO & Founder.

Xendit Philippines Product Suite

Xendit will offer the following technically advanced yet user-friendly product services with xenpayments, xendirect, xeninvoice, xendisburse and xenbatch.

Through Xendit, any business can go live in less than a day using modern APIs and a dashboard that makes settlement, reconciliation, and accounting simple.

Xendit Philippines prides itself in taking the time to build and invest in local partners and channels to create such solutions to specifically address pain points most common to Philippines-specific merchants and customers. Xendit strives to make payments in the Philippines more affordable and accessible, even for those without steady access to the internet. By operating at scale, as it has done so well in Indonesia and other Southeast Asian markets, Xendit is able to provide the most competitive rates and innovative solutions to its customer base.

For more information, you may visit: https://www.xendit.co/en/

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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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