**media**
Financial technology (fintech) giants—Xendit and GCash— partnered to provide a simpler payment solution to Filipino consumers.
Xendit is a unicorn start-up planning to accelerate digitalization of businesses in the region while GCash is one of the country’s largest e-wallets with over 51 million registered users.
Individually, they address the financial needs of companies and end-users alike. Together, they can provide more innovative, safe, and relevant financial tools as cashless payment becomes more essential in the lives of Filipinos.
“This partnership is a major step towards democratizing financial services for all," says Christian Reyes, Chief Operating Officer, Xendit Philippines.
"We have a shared commitment to expand our footprint in the region and advances our mission to make payments as seamless as possible for businesses and end-users,” he explained.
The partnership incorporates Xendit’s services as a payment aggregator (a third-party payment service provider that uses one large merchant account to process payments of sub-accounts owned by their users) for GCash’s merchant partners.
This allows them to process different fees for their partners with the support of the Xendit Level Up Program, designed to eliminate cost barriers for small and medium enterprises (SMEs) by waiving two months of transaction fees across all channels.
The program has been supporting many businesses to accelerate and capture opportunities to expand.
The partnership would also help streamline the onboarding of new businesses with the use of a payment gateway uniquely built for businesses in Southeast Asia.
By collaborating with equally innovative and mission-centric fintech companies such as GCash, Xendit empowers Filipinos with its solutions for their digital transaction needs.
For business owners, this partnership ensures that they receive payments in a convenient, reliable, and timely manner.
Xendit enables businesses of all sizes to leverage a payment infrastructure that enables merchants to establish their online presence to meet customer needs and scale their business accordingly.
Everyday Filipino customers benefit from a seamless payment experience every time they make payments, with little to no disruption or unnecessary lags.
As a net effect, satisfied and happy customers from the convenience that this payment flow provides increases the likelihood of repeat purchases.
“Our ultimate goal for this partnership is to provide accessible and financial solutions for all," Martha Sazon, GCash President and Chief Executive Officer, concluded.