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Manila Bulletin devider Business devider Xendit partners with China Bank

Xendit partners with China Bank

Published Oct 21, 2022 12:22 pm

Payment infrastructure platform Xendit has partnered with China Banking Corporation to enable customers to fund their Maya account directly from their China Bank account.

The new cash-in option, China Bank Direct Debit, allows Maya users to fund their wallet with a few taps on their phones.

Once their China Bank account is linked with Maya, users no longer need to exit the app or key in their bank account details for future cash in transactions.

After cashing in, users can pay their bills, buy load, or shop for products and services from multiple merchants.

This newest feature ensures better security when sending funds from China Bank and provides customers with an easier way of making payments.

“We recognize the importance of cashless transactions in today’s digital economy," acknowledged Yang Yang Zhang, Managing Director of Xendit Philippines.

"That’s why we continue to cultivate partnerships that lead to more simple and secure cashless payment options for Filipinos."

“Making convenient cashless payments more accessible is one of our top priorities at Maya," says Khurram Malik, Chief Operating Officer of Maya Philippines.

“Gone are the days when people had to physically go to our bank for every financial transaction," according to Manuel Tagaza, SVP and Chief Digital Officer of China Bank.

"To meet the changing needs of our customers, we have to provide innovative financial services relevant in the digital world. Partnering with Xendit allowed us to offer convenience to our clients who use the Maya app for some of their financial needs,” he added.

Xendit simplifies the payment process for businesses in the Philippines, Indonesia and across Southeast Asia, from SMBs and e-commerce startups to large enterprises.

The payment infrastructure platform enables businesses to accept payments, disburse payroll, run marketplaces and more, on an easy integration platform supported by 24/7 customer service.

Amidst the fragmented payment landscape in Southeast Asia, Xendit enables more businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments.

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