Dragonpay Corporation, the Philippines’ pioneer and market leader in alternative payment solutions, is celebrating its 9th year in the business with an award, new business, and partnerships.
Started in 2010, Mr. Robertson “Dick” Chiang
founded Dragonpay Corporation with the vision of creating an alternative
payment system for online purchases in lieu of traditional payment platforms
like credit cards. Now, consumers who chose to transact via Dragonpay will just
have to go to a convenience store or to a bills payment center to complete the
process.
As a proof of its success, Dragonpay was awarded
by the Department of Science and Technology (DOST) and the National Academy of
Science and Technology (NAST PHL) as one of the recipients of the prestigious 2019
Outstanding Technology Commercialization Award also known as Gregorio
Y. Zara Medal for its successful commercialization. Dragonpay was also
recognized by the DOST and NAST PHL as a valuable technology and relevant in
reaching untapped markets to engage in the e-commerce revolution that is still
rapidly evolving in the Philippines.
In line with its 9th anniversary
celebration, Dragonpay also launched its latest innovation, the SureTayo App.
It is an escrow service owned and operated by Dragonpay that receives the
payment from the buyer and once the item was delivered and received, SureTayo releases
the payment to the seller, eliminating the fear on scammers and bogus
transactions.
To further strengthen the business, Dragonpay
also inked partnerships with several companies to improve its services and
increase its consumer base. One of the highlights this year is the collaboration
with Shopify, an international e-commerce company providing online business
solutions to existing and aspiring merchants. With Dragonpay, Shopify clients
all over the globe, can easily transact in the Philippines because of
Dragonpay’s wide network of payment channels.
To date, Dragonpay has completed over 42
million transactions and has gained over 14 million unique users already. It
also has over 20,000 physical partner locations, online banking and mobile
payment channels.
These include options like online banking at
most of the major local commercial banks, physical Automated Teller Machine (ATM)
payments, over-the-counter (OTC) cash payments at banks and retail
establishments (supermarkets, groceries, department stores, courier centers,
remittance centers), and electronic wallets or credits (Dragonpay Credits,
Coins.ph, PayPal, GCash).
“For us, 9 is more than a lucky number. It is
a symbol of hard work, perseverance and technological innovation. We are so
thankful that we are on our 9th year in the business already, but
our work is not yet done. The e-commerce revolution in the Philippines is just
getting started and we will make sure that Filipinos, whether a buyer or a
seller, can always rely on Dragonpay’s technology,” said Robertson “Dick”
Chiang, the founder and Chief Technology Officer of Dragonpay Corporation.
To know more about Dragonpay, visit www.dragonpay.ph
or follow /Dragonpay on Facebook and @Dragonpay on Twitter. You can also
download the Dragonpay app in Google Play.
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