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EC Pay hauls in 451k merchant partners

Published Jun 2, 2023 08:24 am
With more Filipinos going digital, Electronic Commerce Payments, Inc. (ECPay), the multi-payment platform of the Globe Group, has hauled in 450,590 merchant partners todate, President and CEO Ernest Cu announced Friday, June 2. "The expansion of ECPay's merchant partnerships demonstrates how Filipinos embrace digital financial transactions,” he reiterated. So far, "ECPay's performance has positioned it as the primary contributor to Globe's first-quarter top line, accounting for 1.5 percent of gross service revenues". It's an open platform which all three mobile operators in the country can use for bills payments and prepaid load distribution. Currently, ECPay has over 215,000 channels nationwide. It caters to eMoney, banking, lending, payment vending machines and sari-sari stores. For those who favor in-person transactions, ECPay has also established physical payment centers nationwide. In the past 21 years, ECPay has enabled retail outlets and collection partners to offer payment services while providing merchants and billers with real-time electronic reconciliation, web-based reporting and system management.
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