Global Brands Magazine (GBM), a UK-based organization that honours excellence by identifying the top brands across various industries, recognized UBX’s BUX as Best Digital Payment Facilitator – Philippines for 2021. More than 7,000 companies were evaluated in GBM’s latest study.
BUX, launched by UBX in 2019, is an end-to-end payment gateway for e-commerce. BUX offers a single payment platform, unifying various payment channels including over-the-counter, online banking, cash on delivery, e-wallets, installments as well as debit and credit cards.
To date, BUX has signed up close to 100,000 SMEs and individual users. As of February 2021, sign ups have increased by 14x, and transaction count has grown 57x versus the same period last year – proof of an increasing rate of digital transactions.
BUX continues to be a game changer for Filipino entrepreneurs as it simplifies and addresses the needs of MSMEs. For one, little to no programming experience is required because BUX is embeddable. Business owners can integrate BUX into their e-commerce website – whether they are using Sentro, Shopify, WooCommerce, or PrestaShop, with more being added. There are no set-up fees involved, only competitive transaction fees whenever a customer checks out depending on the chosen payment channel.
MSMEs can accept payments from over 50,000 payment locations nationwide including 7-Eleven, Bayad Center, SM, Robinsons, Rustan’s, LBC, Cebuana Lhuillier, Palawan Pawnshop, and many more. They can also receive payments via GCash and GrabPay as well as banks, debit and credit cards. MSMEs can easily send BUX payment links via chat, text, email or Universal QR codes, making it convenient for customers to pay for products and services. Online sellers and business owners can simply track the payment status of their customers across multiple payment channels from their BUX dashboard.
By listening to and understanding the challenges of Filipino MSMEs, BUX continues to create MSME-centric solutions that help improve the chances of a business venture’s success, with more features and functions slated to be released in 2021.