Dragonpay and BPI BanKO Extends E-commerce to Financially Underserved Sector

MANILA, Philippines, September 30, 2014 (Newswire.com) - Dragonpay, one of the leading online payment service providers in the Philippines, continues to expand its payment channels by being an accredited biller of BPI Globe BanKO, the country’s first and only mobile based savings bank. 

Through the partnership, BanKO customers may now be able to pay for their purchases from Dragonpay merchants using their BanKO account.  As payments will be processed real-time, orders and purchases will be readily available upon payment.  Customers will also receive confirmation of their payments through SMS.

BanKO primarily caters to the financially underserved sector. It currently has over 800,000 accountholders nationwide, who are able to conveniently perform transactions such as bills payment anytime and anywhere by using their mobile phones. 

Robertson Chiang, COO/CTO of Dragonpay Corporation shared, “It is Dragonpay's goal to make online payments for products and services available and reachable by all segments of society.  We believe that BanKO's vision of reaching the underbanked market segment is complementary to our strategy and we are excited to embark with them in this journey.”

Rita Dueñas, BanKO Chief Marketing Officer, agrees.  “BanKO is thankful to partners like Dragonpay who share our vision of financial inclusion by making mobile payments accessible to more people. The addition of Dragonpay to our list of billers further enriches customer experience because it makes their BanKO account more useful, and therefore more valuable, to them.”

About BPI Globe BanKO

BPI Globe BanKO, Inc. is the Philippine’s first mobile phone-based, microfinance-focused savings bank. It was established in 2009 as a milestone partnership between the Bank of the Philippines Islands (BPI), the oldest operating bank in Southeast Asia; Globe Telecom, a leading telecommunications company; and Ayala Corporation, one of the biggest and most respected conglomerates in the Philippines.

About Dragonpay

Dragonpay is a progressive, alternative online payment provider based in the Philippines. Dragonpay enables its partner merchants to accept payments thru local banks and other brick-and-mortar outlets such as convenience stores, payment and remittance centers. Their mission is to provide a more secure and easily available e-commerce payment channel for the broad market.