ShopeePay, Shopee’s integrated mobile wallet, has partnered with GHL Systems Berhad, to expand digital payment acceptance in the Philippines.
In a statement, Shopee said, the partnership has brought its cashless payment solutions for businesses and consumers to over 83,000 merchant points nationwide.
ShopeePay said that GHL is ASEAN’s leading payment solutions provider, with a vast footprint of 383,600 payment touchpoints across the region driving digital payments as more Filipinos continue to shift towards safer and more convenient options.
It noted that the future of digital financial services in Southeast Asia sees great potential. The region’s gross transaction value will experience a 15 percent increase, expecting to reach $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 percent in the next four years.
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.
ShopeePay is an integrated mobile wallet that offers users easy access to digital payment services. Launched in the Philippines in 2019, ShopeePay enables a seamless shopping experience by allowing users to make online payments on Shopee, top-up their wallets, and transfer and withdraw funds.
Rey Maria R. Chumacera, CEO of GHL Systems Philippines, said that adding ShopeePay to its range of digital payment acceptance is definitely the way forward to allowing 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,” he said.
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.
Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee connects shoppers, brands, and sellers across Asia and other fast-growing markets, empowering anyone to buy and sell anywhere and at any time.
Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.